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Facebook. IPO. Hype. Disaster? Analysts are now saying the Facebook share price may crash to as low as USD 9.59. The social networking portal’s much-vaunted initial public offering raised a lot of cash for its promoters, who are now busy offloading large parts of their shareholdings on to the market. Subscribers who got in at […]
April 5, 2012
Jewelry group Damas International may have been in the news for all the wrong reasons over the past three years, with financial mismanagement topping the list. But last month’s news that Qatar’s Mannai Corporation and Egypt’s EFG Hermes are ready to collaborate on a USD 445 million acquisition of Damas shows that the intrinsic value of the […]
March 13, 2012
The merger sends the signal that Abu Dhabi won’t let its companies fail. Consolidation in a sector is always good news for investors and shareholders. This was proved true when the merger announced between Abu Dhabi-based master developers Aldar Properties and Sorouh Real Estatepushed their share prices up by almost 10%. The merger will create […]
November 29, 2011
Is this the bond rush before the meltdown? In the last two months, since the start of the fourth quarter of 2011, UAE-based companies have rushed to the international debt market to offer both conventional and Islamic bonds. At last count, as much as USD 5 billion of bonds have been placed on the market, […]
May 19, 2011
Dubai Bank. Nakheel. Two corporate entities that are now going to be owned by the Dubai Government. What’s behind the private to public shift? The Dubai Government has decided to take full control of Dubai Bank, in order to keep the bank afloat and to protect deposit holders. Before the announcement, Dubai Bank was 70% […]
Notes from the edge 
May 25, 2012
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