Dubai Sees U.A.E. Bourse Merger Taking Time in ‘Busy’ Market - Bloomberg:
"The planned merger of the United Arab Emirates’ two main stock exchanges, home to the second-best performing share gauge in the world, will take more time to complete, according to a Dubai government official.
“It’s still on the table,” Mohammed Al Shaibani, chief executive officer of Investment Corp. of Dubai, the emirate’s main state-owned holding company, said in an interview today at a Dubai conference. “We were hoping it would happen earlier. We knew that when the markets started to pick up again that the merger would be put on the shelf again as everybody is busy.”
Dubai’s DFM General Index (DFMGI) has gained 47 percent this year, trailing only Argentina’s gauge, according to data compiled by Bloomberg. Abu Dhabi’s measure has climbed 19 percent. The Arab world’s second-largest economy is benefiting from a commercial and tourism boom and surge in real-estate prices."
'via Blog this'
No comments:
Post a Comment