UAE markets have shown incredible strength despite current global headwinds. While high oil prices generally bode very well for the regional markets the seeds of this resilience were planted much earlier. Especially if you consider the supportive policies by Abu Dhabi Securities Exchange. These include recent listing of ETFs and partnership with FTSE Russell to develop indices on ADX.
This elevates the markets attractiveness globally, secondly Dubai’s decision to list several state entities has revived the DFM market and the successful listing of DEWA today which actually is the region’s biggest IPO since ARAMCO highlights the future potential on offer.
Overall, with ample liquidity, robust corporate performance and the strong pipeline of upcoming IPOs, we expect the UAE market to continue to be among the top global performers in 2022.
Kaiser Geelani
Chief Economist at Multiply Group
