Middle East Economic Survey
GCC Markets Strong Performance Set To Continue In 2005
GCC capital markets witnessed another year of strong growth in 2004 and the pattern is set to continue in 2005. Increased investor confidence last year was reflected in the many heavily oversubscribed IPOs, such as the UAEs Addar Properties and Saudi Arabias Ettihad Etisalat (oversubscribed 9.5 times). IPOs launched this year, such as Saudi Aranbis al-Bilad Bank and Qatar Gas...