Essa Kazim, chairman of Borse Dubai and managing director and chief executive of Dubai Financial Market (DFM), has said that Nasdaq Dubai's operational loss has narrowed down to $500,000 since merging with the Dubai Financial Market (DFM) in July this year, Meed has reported. "Nasdaq Dubai was losing on average $1m a month - that has now been reduced to $500,000," he said. "That's equivalent to $6m a year, which isn't a big deal. With a bit of improvement in trading activity and some listings, Nasdaq should be able to break-even and go on to make a profit in 2011."