Jeff Singer, the chief executive of Nasdaq Dubai, has called for a radical revamp of the UAE's stock markets to "create an underpinning for long-term growth" of the national economy.
The plan, which has been presented to the exchange's board, aims to produce a "road map" for solving the problems facing the country's markets.
Despite rising prices and volumes this year, the three markets in Dubai and Abu Dhabi have underperformed most global indicators since 2008.
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