Competition is heating up in the capital markets of the United Arab Emirates, as Dubai seeks to revive its ailing stock exchange with a flurry of initial public offerings.
The government of the UAE’s commercial hub plans to privatise 10 state-backed companies, listing some of their shares on Dubai’s domestic bourse in a bid to rival the success of neighbouring emirate Abu Dhabi and regional powerhouse Saudi Arabia. Officials also hope to root more regulatory oversight within Dubai,…
