Up 30 per cent from the seven-year low of only mid-January this year and the Dubai Financial Market has delivered the best performance in the world bar Egypt for 2012. Can it keep it up? And when will we see the first initial public offering?
UAE veterans can recall a very different world in November 2004 when Aldar Properties went public raising $103 billion, at the time more than the GDP of the country. Banks made half-a-billion in interest on IPO loans in a matter of days, and the stock market continued to rise.
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