Wednesday 18 October 2017

UAE can become listings hub for Middle East and Africa - Franklin Templeton - The National

UAE can become listings hub for Middle East and Africa - Franklin Templeton - The National:

"The UAE can become the listings and equities trading hub for the Middle East by "aggressively" reaching out to entice companies in other territories, particularly in Africa, to list on the country's bourses, according to Mark Mobius, the executive chairman of investment firm Templeton Emerging Markets Group. Mr Mobius, who helps oversee the Franklin Templeton’s US$29 billion global emerging markets portfolio, said the UAE has the tax and “numerous other advantage” that should help it lure companies from far and wide. “There are a lot of companies -- you name the country – looking for money, looking for capital," said Mr Mobius in an interview with The National. "[The UAE] is the capital centre and there is a lot of money here.”"



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