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Talking Numbers with One Voice

Abu Dhabi Securities Market (“ADSM”) to Foster XBRL Jurisdiction in the UAE – The First in the Middle East

Tuesday 9 May, 2006

The UAE XBRL Steering Committee is hosting the 1st XBRL event in the Middle East on Tuesday 9 May 2006, at the Central Bank of the UAE

This will be an educational event offering the unique opportunity to hear from a number of leading international and regional experts about the impact of XBRL and the benefits it offers to companies operating in the UAE and wider GCC region.

Fostered by ADSM, this seminar aims to promote the benefit of, awareness and interest in XBRL in the UAE and to spread knowledge about the current status of XBRL, as well as its future development in this region.

XBRL (eXtensible Business Reporting Language) is an XML-based open standard for business reporting. It enables publishing financial statements, regulatory filings, general ledger, statistics, and other kinds of non-financial reporting in computer-readable format. This standard has a major impact on business reporting around the world. The benefits of XBRL (cost savings, increased efficiency, and improved accuracy and reliability) lie in sharing the same format throughout the financial information supply chain, from preparation to analysis.

For further details please contact :

Mr. Karem Obeid

Email: xbrlae@.

For Further details about the Abu Dhabi Securities Market, please open ADSM website

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