Wednesday 20 November 2013

IPOs could transform UAE stock exchange into another Hong Kong starting from Q2 next year « ArabianMoney

IPOs could transform UAE stock exchange into another Hong Kong starting from Q2 next year « ArabianMoney:

"Go back a couple of decades and the Hong Kong stock exchange was something of a joke in global terms with just a handful of listings. Just look at it today. A similar transformation could occur in the United Arab Emirates in a much shorter period as hundreds of candidates for initial public offerings start to line-up.

Yesterday ArabianMoney took part in the Dubai Financial Market’s closed conference for such candidates. We can’t report directly on the confidential proceedings. But we can explain the background to what is going on in the UAE and where it may lead in the near future."

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