"Chatter about a possible merger between rival stock exchanges in Dubai and Abu Dhabi refuses to subside. After almost a month since the tie-up buzz resurfaced, the local market watchdog has finally reacted, the regulator’s comments only serving to fan the speculation further.
The noise started a couple of weeks before MSCI Inc.’s annual market classification review announcement in mid-June, apparently after some innocuous comments by U.A.E. government officials on an “imminent” cross-emirate company merger.
The MSCI promotion was clinched. Meanwhile, two aluminum companies, based in Dubai and Abu Dhabi, also agreed to merge."
'via Blog this'
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