The UAE’s NASDAQ Dubai is expected to ink an agreement with Egypt’s Misr for Central Clearing, Depository and Registry (MCDR) early this month, under which companies listed on both stock exchanges will be allowed to dually list their shares.

This step aims to diversify investment opportunities offered to investors, MEED reported, adding that the MCDR has signed similar agreements with other Gulf stock exchanges including the Kuwait Stock Exchange (KSE) and the Abu Dhabi Securities Exchange (ADX).

This step is a new advantage on the road towards boosting cooperation between the two Arab countries.