Dubai, Abu Dhabi stock markets should consider merger, says FNC member | Markets – Gulf News:
The Abu Dhabi and Dubai stock markets should consider a merger to better the UAE’s competitiveness regionally and globally, according to a member participating in the Federal National Council deliberations.
The statement will revive speculation that the two exchanges are headed towards an eventual merger. There had been such talk for years now, before subsiding over the last two years. Now, it's picking up steam again.
The merger talk was raised by Obaid Khalfan Al Salami, a member of the House, and related to a discussion on precautionary measures taken by the UAE Securities and Commodities Authority to stem the sharp decline in market value amid the COVID-19 pandemic.
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