UAE Focus

Dubai Waterfront update: Nakheel undertakes world's biggest land reclamation project
The Waterfront in Dubai is the biggest coastal development project in the world. It will add 70km of coastline to Dubai, add six islands to the over 300 it has already had built and create living space for 1.5 million people.
United Arab Emirates: Wednesday, March 19 - 2008 at 14:48 |

UAE stock market a good buy, this autumn
Local investors have been taking a nap since the crash in January, which ended the recent rally, and appear unmoved by a string of recent bullish reports from big banks like HSBC, Citi, Morgan Stanley and Goldman Sachs about the excellent outlook for profits particular in real estate and banking.
United Arab Emirates: Monday, March 10 - 2008 at 13:02 |

Is the $10.5bn Gulf IPO pipeline resilient to market woes?
Abu Dhabi based Gulf Capital says there are 83 initial public offerings worth a total of $10.5bn scheduled in the GCC over the next three years. It is a remarkable recovery from the stock market crashes of 2006 and good news for the growing local financial services industry. The contrast with the bleak outlook for IPOs in global markets could not be more obvious.
United Arab Emirates: Tuesday, March 04 - 2008 at 00:21

Project update: $64bn Dubailand gets big, bigger, biggest
Dubai wants 15 million tourists a year by 2015 and Dubailand will play a central role in hitting this figure. Phase One of the $64bn theme park and real estate project is scheduled to open in 2010, and last week members of the Dubai Property Group gathered for an update on progress.
United Arab Emirates: Monday, February 25 - 2008 at 12:36 |

UAE inflation on upward trend
The latest economic indicators for the UAE suggest that inflation will continue unabated and that policy makers will take a ‘muddle though’ approach to combat rising prices. And while a revaluation of the dirham has bee much talked about, it is unlikely to have much impact on overall levels of inflation.
United Arab Emirates: Sunday, February 24 - 2008 at 10:31

$100m Nano IPO fails on DIFX, but Ajman Bank offering popular
It has been a rollercoaster ride for IPOs in the UAE over the past 24 hours. The $100m Nanodynamics IPO on the Dubai International Financial Exchange has been pulled, while the $150m IPO for Ajman Bank, which opened today, looks to be heading for huge oversubcription.
United Arab Emirates: Sunday, February 17 - 2008 at 18:41 |

Hard to see much upside for UAE stock markets
While the UAE economy appears relatively well insulated from the rest of the world, the same cannot be said of its stock markets, which are increasingly correlated with global bourses and have become highly volatile, fluctuating as much as 10 per cent in a single day. This does not bode well for the future.
United Arab Emirates: Sunday, February 10 - 2008 at 14:12 |

Nano IPO is big news for the DIFX
The $100m initial public offering of Nanodynamics on the Dubai International Financial Exchange is the first listing of a US company in Dubai. But this looks to be the start of a trend as US firms turn their backs on their own markets in search of higher valuations on the DIFX.
United Arab Emirates: Monday, February 04 - 2008 at 14:57 |