A worker operates Arabtec construction company's crane installed at a high-rise building site in Dubai, United Arab Emirates, Wednesday, July 2, 2014. (AP Photo/Kamran Jebreili)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The financial market regulator of the United Arab Emirates said it would tighten supervision of the stock exchanges, after wild trading in Dubai-listed construction firm Arabtec helped to trigger a market crash.Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.The SCA has not so far taken any action against Arabtec or its executives over the swings in the stock; the regulator said in a statement last week that it had taken all necessary steps to ensure proper disclosure and good corporate governance by Arabtec.
FOLLOW THIS ARTICLE