NEW YORK, April 14, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, increases its presence in the United Arab Emirates by 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 recognized 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 Ltd. 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.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE:NWS) (NYSE:NWS.A) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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