Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

UAE

Petroleum Investments Company To Be Launched In Abu Dhabi Soon

The UAE Ministry of Economy and Planning has given its initial approval for the incorporation of a new shareholding company, capitalized at Dh850mn ($231mn), to invest in the oil and gas industry of the Gulf states. According to UAE press reports, Aabar Petroleum Investments Company is planning to launch an IPO at the end of March, following final approval from the...