According to a recent talk in Dubai, work and sleep go hand-in-handMarch 31, 2015 10:46
UAE approves securities lending, short-selling regulations
Some brokerages in the UAE have been forced to shut down as turnover on the Dubai Financal Market and the Abu Dhabi bourse slumped to seven-year lows in 2011.
October 3, 2012 5:47 by Reuters
The United Arab Emirates’ main market regulator approved new regulations to allow short-selling and lending borrowing of listed securities on Wednesday, in a move aimed at reviving the Gulf Arab state’s moribund equity markets.
The Securities and Commodities Authority said the new regulations, which include provisions for market-makers to participate in the country’s financial markets, will enhance liquidity in the stock markets which have struggled to gain momentum after the 2008 global financial crisis.
In November 2011, the regulator published draft rules on short-selling and borrowing.
Some brokerages in the UAE have been forced to shut down as turnover on the Dubai Financial Market and the Abu Dhabi bourse slumped to seven-year lows in 2011.
Both Abu Dhabi and Dubai have stock exchanges which mainly trades banking, real estate and telecom companies.