DUBAI, United Arab Emirates - Thursday, March 17th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Bloomberg L.P. officially opened its 10th global hub in Dubai today, tripling the size of its office to accommodate the company's expanding news operations and customer support for its growing client base in the region.
Located in the Dubai International Finance Centre (DIFC), this global hub will support regional customers of the growing Bloomberg Professional® service, which is used by more than 300,000 of the world's leading business and financial professionals. The Dubai hub will house Bloomberg's expanding news operations and will provide support and development resources for Bloomberg's recently launched Islamic Finance platform (ISLM), a comprehensive solution that increases transparency and provides analytical tools to maximize investment performance in the growing Shariah finance market.
"The Middle East and the UAE have long demonstrated an impressive rate of growth and a significant market opportunity for Bloomberg, and we have continued to invest in the region,” said Peter Grauer, Chairman of Bloomberg L.P.
The announcement was made at Bloomberg client event in Dubai, where local Government and financial dignitaries, Bloomberg executives and clients attended an office opening with keynote address from His Excellency Ahmad Humaid Al Tayer, Governor of Dubai International Financial Centre (DIFC).
H.E. Ahmed Humaid Al Tayer, Governor of DIFC, said, "The launch of Bloomberg’s new global hub is a testament to the business and economic fundamentals of Dubai, the Middle East and DIFC. DIFC is fully committed to facilitating the growth of our clients by providing them with the support and infrastructure needed to grow their respective businesses and we are delighted to see Bloomberg being such a prime example of this."
“Our expanded reporting team in the Gulf region is providing the market-moving news that our customers now expect from Bloomberg,” said Tim Quinson, Bloomberg News Executive Editor for Europe, Middle East and Africa.
Bloomberg News first began covering the region with a single desk in Dubai in the 1990s. Today, Bloomberg has bureaus in eight cities across the region, delivering breaking news on companies, markets, economies and politics to its growing audience worldwide.
“We look forward to working closely with local clients to develop our regional capabilities, delivering enhanced and responsive analytics, news and data like the recently launched Bloomberg Islamic Finance platform,” said Max Linnington, Bloomberg's regional head.
Bloomberg's ISLM platform has extensive resources for investing in fixed income, equities and money markets that comply with Shariah including more than 1,500 Islamic bond issues, over 35,000 Shariah-compliant stocks and details on more than 250 Shariah scholars. For more information on Bloomberg's product offering go to ISLM on the Bloomberg Professional® service, visit www.bloomberg.com, call customer service at +971-4-364-1000, or email Stefanos Thomatos at sthomatos@bloomberg.net.
About Bloomberg
Bloomberg is the world’s most trusted source of information for financial professionals and businesses. Bloomberg combines innovative technology with unmatched analytics, data, news, and display and distribution capabilities, to deliver critical information via the Bloomberg Professional® service and multimedia platforms, including Bloomberg Businessweek and Bloomberg Markets magazines. Bloomberg's media properties span television, radio, digital and print, making up one of the world’s largest news organizations. Headquartered in New York, the company employs more than 12,900 people in 166 locations around the world.
Contacts
Media:
Bloomberg LP
Pam Snook. +212-617-7652
pamsnook@bloomberg.net
Cognito- US
Sophie Fischman, +1 646 395 6300
Bloomberg@cognitomedia.com
Stuart Macaulay - EMEA, +44 20 7438 1100
BloombergEMEA@cognitomedia.com
Anne Karumo - APAC, +65 811 264 09
BloombergAsia@cognitomedia.com
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