Monday, January 16, 2012

UAE: Calls for bourse merger as indexes take a beating

Dubai?s benchmark stock exchange slumped to a more than seven-year low yesterday amid renewed calls for the UAE?s equity markets to merge into a single entity.

?Like all other emerging markets, there has been some spillover from the political instability in the region, mainly due to heightened risk aversion among institutional foreign investors,? said Dr. Fabio Scacciavillani, chief economist at Oman Investment Fund
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Source: http://www.albawaba.com/calls-bourse-merger-indexes-take-beating-409164

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