While it's been on the cards before, the merging of the UAE and Dubai financial markets is back on the table as, claims a report by Reuters, the emirates 'seek efficiencies'.
The markets in question are the Dubai Financial Market (DFM) – which has a market value of $4.4 billion – and the Abu Dhabi Securities Exchange (ADX).
Bringing them together could boost turnover and attract foreign institutions and could deepen the equity market of 'the Arab world's second biggest economy', according to Reuters.
The DFM's main stock index has gained 46% this year and the ADX is up 38%. Furthermore, Morgan Stanley Capital International has upgraded the UAE from 'frontier market' status to that of 'emerging market'.