U.A.E. Bourse, Google Tax Bill, N.Y. Fed Shuffle: Compliance

The United Arab Emirates’ three stock exchanges should merge to help boost trading volumes and improve visibility for foreign investors, a majority of investment professionals holding the CFA charter said.

Ninety-three percent of about 200 respondents in a survey of CFA charterholders from nine Middle East countries support the merger of the U.A.E.’s three bourses into a national exchange, according to a survey released by the local CFA association at a conference in Dubai yesterday. More than 90 percent of the respondents said this will result in greater volumes and liquidity in the market, while more than half said it will improve visibility for foreign investors, the survey said.