A wave of mega-mergers between the world's major stock exchanges might persuade policymakers in the United Arab Emirates to push ahead with consolidation of the UAE's fragmented bourses, where volumes have slumped since the financial crisis.
The UAE's exchanges are fighting each other to attract liquidity from foreign investors that have yet to return in meaningful numbers since the crisis.
A potential merger of the two main bourses would boost volumes and remove inefficiencies associated with trading in the UAE markets.
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