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No merger plans for Dubai, Abu Dhabi bourse, says official

01 May 2010

Officials of Dubai and Abu Dhabi stock exchange have denied knowledge of plans to combine the two UAE bourses, following a report by Reuters about an imminent merger, Bloomberg has reported. "This is not true," Rashed Al Baloushi, deputy CEO at the Abu Dhabi Securities Exchange, said. "I can't confirm or deny that a merger may take place in the future because I'm not aware of any such plans."

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