Dubai toll-gate operator Salik’s IPO targets the ‘median’ investor, and that is a good thing

Dubai toll-gate operator Salik’s IPO targets the ‘median’ investor, and that is a good thing

Taken together, Covid and the subsequent runaway inflation offer that rarity in history - a genuine control of an experiment in statecraft. Every country responded differently to the unfolding effects of these two seismic events (some of these effects continue to unfold). But the UAE’s response was by aggressively instituting reforms (social, judicial, and economic) that turned adversity on its head. When compared to policy responses in other countries, it is easy to highlight where policy gambits failed in other parts of the world. The run-up in asset prices in response to expansionary monetary policies and the subsequent painful corrections were a feature of the policy outcomes. People who were encouraged to take excessive risks have been forced to live with their choices. In the UAE, policy responses quickly diverged in the early months. Capital market reforms, along with judicial and economic incentives, became the focal point for the next stage for accelerating growth, nurturing capital formation towards more formalized markets. Even as regulators worked to rein in the speculative impulses that drove the crypto markets, there was this deliberate strategy to encourage investment alternatives for the more income-oriented investor. In the process, the structure of pension funds and savings