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A file photo dated 22 May 2012 shows investors gathering at the Dubai Financial Market, in Dubai, United Arab Emirates. (EPA/ALI HAIDER)


UAE bourse merger gathers steam as advisers hired

UAE bourse merger gathers steam as advisers hired

Abu Dhabi/Dubai, Reuters—Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed deal that could energize financial markets in the United Arab Emirates, sources familiar with the plan said. Any merger of...