Dow Jones Indexes, a leading global index provider, has increased its presence in the region with the opening an office in Dubai, its first in the Middle East.

The office begins operations immediately and will handle business activities in the Middle East region.

The Dubai office will provide client support, manage client relations, promote and support Dow Jones Indexes’ conventional as well as Shari’ah compliant products, and develop new licensing opportunities in the Middle-East and North Africa region.

Dow Jones Indexes’ expansion reflects the increasing interest in Middle East financial markets in recent years. As one of the most important financial hubs in the Middle East, Dubai presents a strategic location to support Dow Jones Indexes’ clients in the region.

“Dubai is the premier gateway to the Middle East and is well recognised for its role in Islamic Finance. Dow Jones Indexes pioneered the Islamic index space by launching the Dow Jones Islamic Market Indexes in 1999,” said Michael A Petronella, president of Dow Jones Indexes.

“Our new office in Dubai confirms the commitment to our clients in the region and marks another major step in our objective to broaden our activities and services,” he added.

The Dubai office will offer integrated index solutions based on the entire Dow Jones Indexes family, including the Dow Jones Islamic Market and the European Dow Jones STOXX index families.

Dow Jones Indexes and STOXX now have 18 offices worldwide: Boston, Chicago, Los Angeles, New York, Princeton, Mexico City, Santiago, Sao Paolo, Frankfurt, London, Madrid, Paris, Stockholm, Zurich, Dubai, Beijing, Hong Kong and Singapore. - TradeArabia News Service