Fading investor confidence and declining trading volumes on the UAE's markets have prompted a fresh call for reform from a trade group that represents financial services firms here.
The country should overhaul its market rules to address these issues and retain the interest of institutional investors, said Arwa Hamdieh,a co-founder of the Financial Services Association (UAE).
"The capital markets framework in its current form is not as attractive as it could be to long-term international investors looking at the UAE," she said. "Now is the time to look at and address the framework as a whole."
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