Browse related articlesGCC nationals, UAE trade status
United Arab Emirates: Monday, January 02 - 2006 at 14:54
The Emirates Securities and Commodities Authority has ratified a decision to treat GCC nationals as locals for the purpose of investing in the home bourses, reported Gulf News. GCC brokerage houses will also be allowed to set up as 100% local entities. Analysts say the move is a step towards creating a Gulf common market and will lead to greater liquidity on the stock exchanges.
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James McInerney, News EditorMonday, January 02 - 2006 at 14:54 UAE local time (GMT+4)
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