The first potential ADNOC services business IPO would be announced in a few months, with shares to be listed on domestic equity markets, according to Abu Dhabi state - owned newspaper The National. (cnbc.com)
In our previous blog, we highlighted the contribution to domestic equity market returns by mega-cap stocks in 2017 and the implications for active management. (indexologyblog.com)
With no foreign outlets available to the average saver, and a moribund domestic equity market (which was a relatively modest / declining % of GDP anyway), this savings pool was mere fodder for a banking sector that continued to shovel money into property / construction & other unproductive loans. (wexboy.wordpress.com)