Dubai Financial Market Essay Example | Topics and Well Written Essays - 1750 words

Dubai Financial Market - Essay Example Dubai Financial Market (DFM) is one of the few stock exchanges of UAE which was established as a public institution on March 26, 2000 (Dubai Financial Market, 2013a). It has its own independent body which was formed as a result of a resolution passed by the Ministry of Economy (MOE) number 14 2000 (Dubai Financial Market, 2013a). It operates as secondary market responsible for trading of securities, bonds, units of investment fund, any other financial instrument which is issued by the public joint stock companies, Federal government or any other local government & public institutions of the country. DFM was established as a joint stock company with a paid up capital 8 billion Dirham with a par value of 1.6 per share. The first IPO by DFM had resulted in more than 8 billion Dirham. The main objective of DFM is to make it a world class market place and provide the stakeholders with innovative facilities in trading, settlement, depositary of securities and clearing in an efficient metho d. Some of the important market values of DFM are efficiency, transparency, innovation, confidentiality and integrity. The existence of a strong investment market in UAE has attracted several potential investors and is considered as one of the most potential investment hubs of the world. As per a survey conducted by the Economic Department of Dubai 28 percent of the surveyed respondents had claimed Dubai to the most lucrative investment destinations of the world (DED, 2012). Mission and Objectives of DFM The mission and the objective of DFM are to create a fair, transparent and efficient liquid market for smooth trading purposes. It helps in provident various investment opportunities through optimum utilization of resources. The management of DFM provides opportunities for investment purposes in securities markets which would serve for the best interest of the Dubai economy. It also helps in facilitating liquidation of funds invested in securities markets which ensures the smooth interaction between demand and supply by developing principles of fair dealing. One of the main objectives is to arrange for transfer of ownership of securities through deposit, transfer and clearing center within an integrated system which enables fast and correct transfer of ownership of shares. Operations of DFM DFM was initially operated by the government of UAE however, in the year 2006 DFM had turned into a public joint stock company through an Initial Public Offering (IPO) which led to sale of 20 perc ent of the shares to the public and the remaining 80 percent were subscribed by Bourse Dubai. Figure 2: Organizational Hierarchy of DFM (Source: Dubai Financial Market, 2013c) Registrar of Listed Public Shareholding Company The registrar of the issuer company are an essential element of the securities market and the first necessary step for the investor is to submit the

Religion in The Lord of the Rings Essay Example | Topics and Well Written Essays - 1500 words

Religion in The Lord of the Rings - Essay Example J.R.R. Tolkien’s The Lord of the Rings has always been a highly regarded book among fans and critics alike, but when it was made into a movie trilogy it became a cultural phenomenon. The themes in The Lord of the Rings are powerful and universal in their nature and although religion is not explicitly mentioned, religious undertones can be observed throughout both the book and the movie. Urang agrees when he states, â€Å"The Lord of the Rings, although it contains no ‘God’, no ‘Christ’, and no ‘Christians’, embodies much of Tolkien’s ‘real religion’ and is a profoundly a Christian work† (180). Perhaps the success of The Lord of the Rings as a religious medium is due to the fact that it is subtle in its Christian themes and isn’t what one might call a â€Å"preachy† Christian book. One theme that we find throughout The Lord of the Rings is the longing that many of the characters have to return to a former age where the world was a better and happier place. For instance, Gimli longs to see the former glory of the home of his ancestors. The elves also long for a return to the Elder Days before evil and darkness came into the world. Basically, there is an overall tone that the world is in a â€Å"fallen state.†... Because Christians believe the world is in a broken and evil state, there is a need for someone to rise up and save the world from permanent darkness and despair. Three characters in the Lord of the Rings who fit this â€Å"Savior† role are Gandalf, Aragorn, and Frodo. Gandalf is very God-like and is similar to Jesus. When he falls in Moria, he descends to the lowest parts of the earth. He then has a great struggle with an evil foe. When he defeats the Balrog, he is at the peak of a mountain. Later, he is transformed and becomes Gandalf the White. Similarly, as the Bible says, Jesus Christ descended below all things so that he could rise above all things. After he ascended to heaven he returned to earth as a resurrected and exalted being. Gandalf is also Christ-like in that he guides and counsels Frodo and other members of the fellowship along their journey. Similarly, Christians believe that Christ is always with us, guiding and counseling with us in our own lives. As Frodo s ays in the movie, The Fellowship of the Ring, â€Å"I will take the ring to Mordor, though I do not know the way.† To which Gandalf responds, â€Å"I will help you bear this burden† (2001). Christians believe that Christ does something similar when we choose to embark on a worthy task; he bears our burdens for us so the journey is not so difficult. Another instance where Gandalf shows Christ-like attributes is when he casts out the presence of Saruman from the King, Theoden. This is similar to the Bible when Christ displays his ability to cast out devils. After Gandalf casts off Saruman’s influence, Theoden is healed and his mind is cleared. Christ is also a great healer and restores people to their proper selves. Aragorn possesses