Bourses link up in the US, Europe and Gulf

http://feeds.bignewsnetwork.com/?sid=314398

Dubai/Decks are now clear for Dubai's state-owned stock exchange Borse Dubai Ltd (BDL) to acquire a stake in US equities exchange Nasdaq. In a related move, Nasdaq and BDL will take over the OMX group, which operates stock exchanges in Nordic and Baltic nations, thus linking markets in the US, Europe and the Gulf.

The board of Nordic and Baltic stock exchanges operator, the Stockholm-based OMX group, Wednesday recommended 'unanimously' a takeover bid from BDL and Nasdaq, the DPA news agency reported.

'Linking trading centres in the US, Europe and the Middle East will provide members, issuers and all other market participants with considerable opportunity in the changing global capital markets,' OMX board chairman Urban Backstrom said in a statement.
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Dubai has ports and now the Nasdaq stock exchange... I can see why Saudi terrorism would not be welcome in the news

I can see why. I read some where that Dubai is the Las Vegas of the Middle-east.