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The Dubai Financial Market (DFM) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.
Sheikh Khalifa bin Zayed Al Nahyan (1948–2022), the UAE's second president and ruler of Abu Dhabi from November 2004 to May 2022, was the eldest son of the UAE's first president, Zayed bin Sultan Al Nahyan. He took on a significant role in the late 1990s due to his father's health issues and officially became Abu Dhabi's leader in 2004. His tenure saw cultural and academic growth, including the Louvre Abu Dhabi and Etihad Airways. Under his leadership, the UAE became a major economic power. Known for his pro-Western stance, he strengthened ties with the US and Israel.
Obverse
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Depicts a portrait of Sheikh Mohammed Bin Rashid Al Maktoum facing right, wearing a traditional cloak and headpiece, denomination in Arabic and English letters below a portrait enclosed by his name in Arabic and English text. صاحب السمو الشيخ محمد بن راشد آل مكتوم |
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Reverse
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Depicts the logo of DFM (Islamic geometric design, interlaced four double-circles behind a square) dates of establishment, and year of issue below design, the inscription of the event in Arabic and English text. الذكرى العاشرة لتأسيس سوق دبي المالي |
Edge |
50 Dirhams
Banking Industry in the UAE
10th Anniversary of the Dubai Financial Market
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Banking Industry in the UAE
10th Anniversary of the Dubai Financial Market