This paper tests the hypothesis of the creation of one large Stock Exchange in the Uae and examines the potential implications for the holdings (Borsa Italiana-London Stock Exchange and Nasdaq-Omx). The analysis shows that the contraction in both market capitalization and trading value in the three major Stock Exchanges of the Uae can be a key factor in implementing a merger between Dubai Financial Market, Nasdaq Dubai and Abu Dhabi Securities Exchange.This unique Stock Exchange could also have implications in terms of corporate governance and competition
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