DFM chief says UAE markets should consolidate

30 March 2010

The head of the Dubai Financial Market said today that he believes the stock exchanges in the UAE should consolidate, Reuters reported. 'It is in the interest of everybody to consolidate. There have been discussions at the top level, meaning the owners of the exchanges,' executive chairman Essa Kazim was quoted as saying by the news service. Kazim also said DFM's planned takeover of Nasdaq Dubai will be completed within two weeks.

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