Dubai's exchange hat-trick confuses investors
MAC Capital’s Bob McMillen explains how Dubai’s labyrinthine stock market set-up and twin regulators do not help a country still struggling to emerge from crisis.
AsianInvestor recently quizzed Bob McMillen on how he has fared in Dubai in the past year. During the course of the conversation he sought to explain how the set-up of the local bourses fails to provide clarity for investors.
The UAE has three stock exchanges: The Dubai Financial Market (DFM) in Dubai; the Nasdaq Dubai in the DIFC, Dubai; and the Abu Dhabi Securities Exchange Market (ADX).
It has two regulators. The Dubai Financial Services Authority and the Emirates Securities and C…
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