info2cell Wireless Service Provider

Info2cell Drives New Mobile Access For UAE Capital Market

Dubex and Info2cell to bring UAE capital market information to mobile users via SMS and WAP

Dubai, 25th September, 2000

Info2cell, the Middle East’s pioneering mobile information provider today announced an agreement that will bring ‘any time, anyplace, anywhere’ delivery of UAE capital market information direct to mobile market watchers. Dubex Securities International, the Dubai based brokers and clearing members on DFM, will be providing Info2cell with real time capital market data directly from Dubex’s real time quotes and series of market indexes. Info2cell will provide access to this data via SMS, WAP and the Web. “This is great news for investors all over our region. They can now be immediately informed with any changes in UAE’s capital market indexes wherever they are and at any time,” said Tamim Rifai, general manager of Dubex. “This type of information is extremely time-critical and having access to it from mobile phones will empower investors to manage their investment portfolios more effectively.”

Info2cell’s subscribers and service users now have access to real time UAE’s Capital market information, indexes and major economic indicators pertaining to Gulf region from a reputable, reliable and licensed source.

“Dubex feeds our mobile portal with its up-to-the-minute stock market quotes, Dubex’s capital market indexes, OTC securities prices and equity flashes,” We instantly deliver it to users through SMS, WAP and the Web,” said Bashar Dahabra, chief executive officer of Info2cell.

Dubex Securities International holds the most comprehensive stock market index in the UAE in addition to several capital market indexes that are industry focused. Dubex also supplies investors with stock prices related ratios such as dividend yield, price to earnings and debt ratios. Info2cell is making this whole range of indexes and ratios accessible to users through SMS, WAP and through Info2cell WEB Portal located at www.Info2cell

Using Info2cell’s mobile information portal, SMS subscribers set SMS triggers against movements in capital market information, such as stock prices, volume trading and index movements. Depending on the subscribers’ interests and self designed profile, when changes in the capital market occur, Info2cell instantly informs them by sending SMSs directly to their mobile phones. “For example, investors and market watchers will be able to receive SMSs on their mobiles informing them when any stock of the 48 publicly listed companies in the UAE moves up or down, or when any of the listed stocks is

traded above or below a certain volume that investors themselves choose,” explained Dahabra. SMS – Short Message Service – is a technology that allows subscribers to receive text messages sent by info2cell to their mobiles to advise them of new information. Subscribers can then react to the information by using their WAP (wireless application protocol) Mobiles to access the Internet and gain more in-depth information on the situation as it occurs.

Capital market information will be accessible to WAP-enabled mobile users through Info2cell’s mobile portal. This means that investors in the UAE will have real time capital market data that matters to them the most, delivered to their fingertips, wherever they are in the world.” WAP - Wireless Application Protocol - is a technology that allows individuals to access the internet from their mobile phones. Through WAP-enabled mobile phones, users can access sites on the Internet that carry suitable time and location-sensitive content that fits the small screens of mobile devices, such as Info2cell WAP portal site located at wap.Info2cell.

For ease of use and in an effort to enhance the presentation of information, users will also be able to access the Dubex’s market and key indexes in a graphically format through their WAP-enabled phones. The graphical charts will be created by Info2cell Mobile Portal on the fly and will provide 1 week, 1 month and 3 month historical views of the data as desired by the user.

“The real benefit of financial mobile information service is to deliver the needed information at the right time; time sensitive information such as stock prices and volumes of stocks traded triggers more trading and therefore brings more economic value to the whole economy of the GCC,” said Dahabra. “Flexibility and convenience in accessing real time financial data can boost investment to, and trading in, our markets.”