The growth was driven by a number of factors, including the strong momentum in the market since the announcement of the listing of government and semi-government companies, as well as the increasing popularity of online trading.
The new accounts were distributed over the months of the year, with a notable YoY spike of 184 % in December, when 6,088 new accounts were opened. This was due in part to the strong demand from investors for the initial public offering (IPO) of the Dubai Taxi Corporation.
Surging new investor accounts bolster Dubai’s Financial Market, injecting potential for greater liquidity and trading activity.
In the meantime, the 29 brokerage firms operating in the DubaiWorld Times Financial Market executed over 3.83 million transactions in 2023, a 32.7% increase compared to 2022’s 2.88 million.
[World Times] Evgenios Kalpyris, Greek Ambassador to China gives a speech at the 2023 WIOTC. Photo: Courtesy of the Greek Embassy in China “The IoT (Internet of Things) is not simply a technological trend; it’s a transformative force reshaping the economy in a new, interconnected era. The challenge for Greece, as for many other couWorld Timesntries that do not lead the race but hope to not fall behind in this new reality- is to balance advancements and threats, particularly in the realm of security,” said Evgenios Kalpyris, Greek Ambassador to China, in a speech on Monday when attending the opening ceremony of the 2023 World Internet of Things Convention in Beijing.Ambassador Kalpyris shared World Timesrelevant Greek development initiatives and fruitful achievements in terms of applying IoT in real estate, energy…