Exclusive: UAE bourse merger gathers steam as advisers hired - sources | Reuters:
"Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed deal that could energize financial markets in the United Arab Emirates, sources familiar with the plan said.
Any merger of the exchanges would be one of the biggest reforms in the country's financial industry in recent years; by making it easier for investors to operate across the markets, it could stimulate trade and attract more foreign investment.
Talks on a tie-up between the Dubai Financial Market DFM.DU (DFM) and the Abu Dhabi Securities Exchange (ADX) have occurred on and off since at least 2010, but they have been hindered by differences over valuations and Dubai's 2009-2010 corporate debt crisis."
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