If 2013 was a year when the UAE’s capital markets staged a strong recovery, I believe 2014 will show that it was built on solid foundations. Activity will gather pace and opportunities will grow.
With tens of thousands of SMEs in Dubai, it can be hard for the best companies to stand out from the competition. Well run businesses with great products jostle for success alongside less efficient rivals selling inferior wares – and if is often hard for outsiders to tell the difference.
The ancient trading and human links between India and the Gulf region grow ever stronger. There are more goods going in both directions, expanding investment flows and dynamic new business initiatives. This welcome activity is set to increase further. Yet in one sector - the capital markets - the connections between India and the GCC region have much potential that has not yet been adequately realised or even fully explored.
It’s been nearly four years since Time Magazine wondered excitedly if Greece was about to become ‘the next Dubai’. It was referring, of course, to the emirate’s perceived financial woes at the time, just as the scale of Athens’ own debts was starting to become clear.
Craig Hewett provides a clear understanding of the formalities involved in taking a company to the IPO level. If your company is among the growing number of SMEs that is thinking about going public on NASDAQ Dubai, you will benefit from a clear understanding of the steps involved.
Putting good corporate governance in place is rather like making a vessel shipshape. If the ropes are properly coiled, the crew will be able to use them in a hurry when they need to, and if a captain has the best navigation tools on board he will reach his destination before his rivals. This is all just common sense, and good corporate governance in an SME is much the same. It not all that hard to put in place and the benefits of doing it are enormous.
After nearly grinding to a halt in 2011, with less than USD 1 billion raised, IPO issuance in the Middle East and North Africa (MENA) picked up speed somewhat in 2012 to touch the USD 2 billion mark. While this improvement is welcome, activity remains far lower than in the all-systems-go days before the global financial crisis struck in 2008.