DUBAI, 23 February 2007 — The Governor of the Dubai International Financial Center (DIFC) Dr. Omar Bin Sulaiman stressed the vital role played by Bloomberg in Dubai’s increasingly complex financial environment.
Welcoming yesterday Peter T. Grauer, chairman and president of Bloomberg LP, Sulaiman said “the term Bloomberg has become synonymous with immediate and solid financial information and analysis, something the market needs now more than ever.”
He emphasized the vital role the company plays in burgeoning markets like Dubai. “In our ever-developing financial landscape, events unfold at a pace that can be dizzying,” he said. Sulaiman also reaffirmed DIFC’s commitment to excellence and transparency.
“We at the DIFC are committed to transparency and continue to set the highest standards for ourselves. We are also aware that ensuring widespread and immediate access to reliable market and historical data will help us accomplish our aims. We look toward organizations like Bloomberg to enable us to achieve our objectives toward implementing greater transparency and free flow of information in the region,” he said.
“Further, global markets are interconnected and interdependent. An investor in Dubai needs to know what’s happening in Hong Kong.”
