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Nasdaq Dubai reveals losses have halved

25 November 2010

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."

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