Bourses target firms ignoring disclosure rules - Khaleej Times

One senior Western banker said transparency standards among UAE companies were quite good by emerging markets norms, with firms required to abide with International Accounting Standards. "The problem is not the quality of disclosure, but the way the information is disseminated," the banker told Reuters.

Only a handful of UAE companies are open to foreign investment. But Arabi said the number of domestic companies allowing foreign investment is rising and that interest in UAE equities from emerging market fund managers is increasing. Growing foreign interest makes more orderly disclosure procedures even more important, analysts said.