A PYMNTS Company

United Arab Emirates: Financial head endorses stock exchange merger

By  |  June 19, 2013

The head of the United Arab Emirates’ Securities and Commodities Authority has endorsed a potential merger between the UAE’s major stock exchanges, promoting the deal as one advantageous to the nation’s economy and financial market. According to reports, Abdulla al-Turifi emailed a statement in favor of the merger that would combine the stock exchanges of Dubai and Abu Dhabi. Sources have also told reporters that the government believes the deal would increase financial investment to the UAE.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Al Arabia

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.