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Gulf retailers eye global stock market listings

HSBC Middle East has said there are up to 12 Gulf retailers ready to list their businesses on global stock markets if market conditions improve significantly, The National has reported. "We have got somewhere from half a dozen to a dozen retail-weighted family groups who are waiting to list somewhere in the globe," said Nicholas Levitt, the head of commercial banking at HSBC Middle East. "There are a number of companies that are listable tomorrow if the capital conditions were in a more confident state," Levitt said.