Wednesday, August 03, 2005

More UAE IPO news

From Shuaa, August 3

UAE's Ministry of Economy and Planning has halted the licensing of 15 newly incorporated companies that were planning to open their shares to investors through initial public offerings until the new company law is issued.

I wonder if this is a way of trying to take some of the heat out of the market.

1 Comments:

Anonymous Anonymous said...

too bad... what'll all the gov officials do now from 9 to 1?

3/8/05 13:14  

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