UAE: GCC nationals to be treated as locals in domestic stock markets

The UAE's financial regulator has ratified a decision to treat GCC nationals as locals in the domestic stock markets. According to Gulf News, the Emirates Securities and Commodities Authority (Esca) will also enable brokerages in the GCC to operate as local entities in the UAE. According to the paper,
experts welcomed the move, but they criticized the decision to allow GCC brokerages as 100 per cent local entities in the UAE.