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Note: A new Dow Jones index will underlie first ETF in the United Arab Emirates
Dow Jones Indexes, a global index provider has launched the Dow Jones UAE 25 Index, which measures the performance of the 25 of the largest and most liquid equity securities trading in the United Arab Emirates (UAE).
The Dow Jones UAE 25 Index has been licensed to National Bank of Abu Dhabi (NBAD) and will underlie the first exchange-traded fund (ETF) in the UAE. The NBAD OneShare Dow Jones UAE 25 ETF is expected to be listed at the Abu Dhabi Stock Exchange at the end of March.
"Since the Dow Jones UAE 25 Index combines securities traded on the three local stock exchanges it...