UAE regulator supports potential exchange merger

06/20/2013 | Reuters

A merger of exchanges in Dubai and Abu Dhabi, United Arab Emirates, could be advantageous, says Abdullah Salem Al-Turifi, CEO of the UAE Securities and Commodities Authority. "In case the two markets are merged into one, it will have many advantages, although the SCA has not seen any negative aspects in the current situation of having two markets," he said. Al-Turifi has not commented on the likelihood of a merger.

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