With its IPO strategy, UAE aims for a full-on expansionary 2022

With its IPO strategy, UAE aims for a full-on expansionary 2022

The UAE markets witnessed a stellar 2021 and are at par with regional equity markets. Even though there was a stall in the economy from COVID-19, the prompt response enabled the UAE to strike back with full force. Last year, listed UAE companies posted excellent results, reinforcing the notion that these stocks represent some of the best ‘re-opening of economy’ investments in the world. The DFM rose almost 28 per cent, while ADX had exceptional gains of 68 per cent. What was brilliant was the significant jump in profits of listed companies, which was much more than the rise in revenue. This shows that companies had sharply reduced costs while improving productivity, which is excellent news for investors. Twenty-three million people attended Expo 2020 during its six-month run. In addition, the platform remarkably used to facilitate global summits presided over by world leaders. As a result, the national economy experienced a revival across sectors. The UAE offered the world access to in-depth knowledge of its history - and of future possibilities. It reinforced the UAE’s international economic and cultural status, propelling it to 15th in the Global Soft Power Index 2022. Apart from the longer-term visas, the UAE launched Green