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Integration of Abu Dhabi, Dubai markets will create Gulf’s strongest stock market

27/Oct/2013

Dubai: Mohammad Al Hashemi, President of the UAE Financial Markets Association, has said that the integration of the markets of Abu Dhabi and Dubai will create one of the strongest stock markets operating in the Gulf region, the Middle East and North Africa.

Al Hashemi said in an interview with Emirates News Agency, WAM, today, that since the UAE has expanded the scope of its securities markets to a global level, which in turn has led to greater competition, requiring it to have a broader securities market with sophisticated products to market locally and internationally.

Al Hashemi pointed out that the integration of the markets of Abu Dhabi and Dubai will lead to the establishment of a securities market leader with a variety of products to attract more investors and big opportunities to promote the UAE capital market, which would have significant benefits for both shareholders and participants in the market and thus the national economy.

He added that the merger will improve the performance of the financial market in the UAE and help the country to get ranked higher among regional and international securities markets, thus attracting a lot more potential investors, especially foreign ones and international portfolios.