Dubai – Mubasher: The decision of merging the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) lies with the management of the two markets, said Obaid Al Zaabi, acting CEO of the Securities and Commodities Authority (SCA).
The SCA organises all the markets in general, while the applied systems fit for one market or more, Al Zaabi added on the sideline of the SCA’s briefing in GITEX Technology Week Exhibition in Dubai.
In January 2015, the UAE’s minister of economy Sultan bin Saeed Al Mansouri said that the government seeks to merge the ADX and the DFM, but taking this decision is up to the management of both of them.
After the completion of the merging process, the ADX and the DFM are expected to strengthen the UAE’s financial markets, and attract new investments.
