Economy / United Arab Emirates
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International Tie-Up To Boost Foreign Interest
March 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In a move that should help to boost foreign interest in the Abu Dhabi Securities Market (ADSM) the exchange has entered into a cooperation deal with the US giant NYSE Euronext. The move is part of Abu Dhabi's effort to boost the bourse's technology, product range and overall service, and thus compete with neighbouring markets in Dubai for foreign investment. Under the new deal, NYSE Euronext will upgrade the ADSM's trading platform and help the exchange to develop a derivatives market, an asset class with only limited status in the Middle East currently. The US exchange will also provide its