Nasdaq Dubai is in "serious" talks with Dubai government-linked entities to boost initial public offerings on the exchange and aims to revise listing requirements to attract more local investors.
Speaking to Reuters, Nasdaq Dubai's Chief Executive, Jeff Singer, said the Gulf emirate's international exchange was likely to witness a "flat" year after the collapse of the global and regional financial markets in the last quarter of 2008.
"Companies are changing their plans for a longer recession," Singer said. "This year will be flat."
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