Abu Dhabi, Tel Aviv Bourses Mull Dual Listings

SourceAl Bawaba
SectorFinancial Markets
CountryUnited Arab Emirates

The Abu Dhabi Securities Exchange and the Tel Aviv Stock Exchange are discussing regional cooperation in various fields following the normalisation of relations between the UAE and Israel.   The Israeli bourse said in a statement that it has started discussions with Abu Dhabi for entering into a memorandum of understanding for the structuring of an agreed framework designed at examining possible regional cooperation in various fields of activities. Bloomberg reported that the two bourses are studying dual listings and encouraging investors to invest in the two exchanges as well as develop new products. However, the Israeli bourse said talks are at a preliminary stage. On September 15, the UAE and Israel signed an historic peace deal known as the Abraham Accord in Washington DC. Last month, Israel's two largest banks, Hapoalim and Bank ...read more...