Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

UAE

Dana Gas IPO Set For Mid-September

Newly formed Sharjah-based Dana Gas will be proceeding to IPO in mid-September. There had been a suggestion that the UAEs Ministry of Economy and Planning might impose a ban on IPOs of start-ups until a new companies law was in place (MEES, 15 August, Page 7). But while these reports are true, a Dana Gas spokesman told MEES that the new company has already received the relevant approval from the...