12.08.2009 - Gulf bourses chase global alliances
From Tradearabia.com: Political pride is likely to delay much-needed consolidation of Gulf stock exchanges, with regional bourses focusing instead on alliances with global players and diversification from cash equities. Bahrain will launch the ninth stock exchange in the region next year -- the UAE alone has three bourses -- and with volumes low and fees high, the case for consolidation is strong............Full Article: Source