Tuesday 25 February 2014

Top UAE lawyer’s little message with big implications | The National

Top UAE lawyer’s little message with big implications | The National:



"Journalists at a casual event last week – the launch of a book jointly published by Jumeirah hotels group and the legal firm Al Tamimi & Co about doing business in Dubai – got rather more than they bargained for.



After some fairly standard comments about the emirate’s economic recovery and the improving prospects in the run up to Expo 2020, Husam Hourani, Al Tamimi’s managing partner, dropped a small bombshell into the sedate proceedings: One Dubai firm, with a minority government shareholding, was planning to seek approval for an initial public offering on the Nasdaq Dubai stock market that would kick-start the Dubai financial markets and herald a string of flotations both in the UAE and overseas."



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