UAE Regulators Step-up Market Surveillance After June’s Gyrations - Middle East Real Time - WSJ:
"What does it take to bring all the heavyweights overseeing stock markets in the United Arab Emirates together? A share price crash did the job this time around.
The bigwigs of capital markets met this week in Abu Dhabi: Sultan Bin Saeed Al Mansouri, the country’s economy minister and chairman of the Securities & Commodities Authority (SCA); Sultan Bin Nasser Al Suwaidi, the central bank governor; Abdullah Salem Al Turifi, the chief executive at the market regulator; and the two bourse chiefs – Essa Kazim of Dubai Financial Market and Rashed Al Baloushi of the Abu Dhabi Securities Exchange.
An unusual meeting at an unusual time, some would say. After all, it’s the summer months and Ramadan – a period when most locals work fewer hours, while some also take their vacations to escape the desert sun."
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