“The country is open again, we came through the pandemic, and we’re back in business,” ADGM CEO Mark Cutis said as Dubai Expo 2020 gets underway.
"Here, it's easy to move your family, it's easy to live here, and you have the rule of law, the pools of capital and the visa situation - it's a package," Cutis said. The UAE economy is expected to grow 2.1% this year and 4.2% in 2022, according to the UAE Central Bank. "Eventually the economics and the imperatives of efficiency outweigh other considerations," Cutis told CNBC about the possibility of the three exchanges in the UAE merging at some point.
"The fragmented regional exchanges, each operating their own systems and under their own rules, hinders their ability to scale up and attract the largest institutional investors" Fadlallah told CNBC.
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