Wednesday 2 July 2014

Comment: Arabtec affair casts UAE bourses in poor light | The National

Comment: Arabtec affair casts UAE bourses in poor light | The National:



"There is now a real anger among investors at the rolling daily crisis called Arabtec. It focuses on the apparent inability of the company or its owners to appreciate the damage that is being done to UAE markets, as well as the seeming powerlessness of the authorities to do anything to stop it.



The fury spreads from UAE retail investors who believed the Arabtec hype, to international investors newly tempted into UAE markets, to some policymakers, exasperated by the daily convulsions in the boardroom and on the trading floor.



It is no exaggeration to say that there is a serious risk the UAE’s financial markets are being brought into disrepute."



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