New UAE trading plans could boost foreign investment levels

16/02/2011 - Dubai Investment News http://www.reuters.com/article/2011/02/16/emirates-shortselling-idUSLDE71F0FY20110216
New UAE trading plans could boost foreign investment levels

The UAE's Securities and Commodities Authority (SCA) has unveiled new plans geared towards making the region even more attractive to foreign investors.

While the emirates already attract a significant amount of overseas interest, including foreign investment in UAE property for example, the regulator is keen to make the region even more attractive by addressing the issue of short-selling.

Announcing the development, the UAE's minister for the economy, Sultan bin Saeed al-Mansoori explained that a draft copy of proposed new rules will likely be published 'very soon', with these expected to not only attract foreign investors but to also boost international trade.

"The SCA is conducting research on short selling, lending and borrowing securities and options and the SCA is about to launch a draft of this legislation very soon," he said.

Just last week, Britain's foreign secretary William Hague met with UAE officials with the aim of further strengthening economic and cultural cooperation levels between both parties.

Posted by Neil KingADNFCR-2019-ID-800408697-ADNFCR