Nov. 25 (Bloomberg) -- Nasdaq Dubai, the United Arab Emirates exchange renamed earlier this month, is unlikely to receive new listings in the next six months after global stock markets slumped.

“The projections we have are pretty flat,” Jeff Singer, Nasdaq Dubai chief executive officer, said today in a Bloomberg television interview when asked about the exchange’s pipeline for initial public offerings. The next year “is going to be a tough year, especially the first six months.”

Nasdaq OMX Group Inc., the New York-based electronic exchange, completed a secondary listing in Dubai on Nov. 20 as it seeks to raise the profile and attract more listings to the bourse it partially owns. Nasdaq Dubai was formerly known as Dubai International Financial Exchange Ltd.

“People are looking over the next year’s horizon for the markets to open up,” Singer said. “Companies we’re talking to say they are preparing to come out. So if a window opens up they’ll go through it, but certainly with the market conditions at the moment they won’t come out.”

The MSCI World Index has tumbled 46 percent this year as the global credit crisis spread.

To contact the reporter on this story: Haris Anwar in Dubai on Hanwar2@bloomberg.net

Last Updated: November 25, 2008 08:45 EST