brucebanner

Are there any companies in the UAE that publish their earnings etc.

Is it likely that the two major airlines - Emirates and Itihad - will go public?

shiva

Hahahahahaha hahahahaha hahahahaha hahahahahahaha







No and no






Put it this way Dubai world for various reasons didn't ipo last year but are looking at it again now. They have exactly 1 year of audited and I ternationally recognised accounts

shiva

That should read Dubai pots world

csdf

Mubadala just published their earnings (or lack of). But they're not public.

Millhouse

You've asked these questions before haven't you?. Let me answer them again... No.

As for accounts - don't trust anything you read. The better companies probably run two books, the less honest ones probably just pay off the utterly useless auditors here.

As a side note, does this actually matter... can you actually read a set of accounts? Few people can read a set of modern day IFRS accounts - including most equities analysts...

Millhouse

I find it hard to believe that IPO will fly. Talk about doing it into a soft market... regional indexes at 7 year lows...

shiva

agreed, that said though if it were a case of i absolutely had to buy stock in a dubai co. then dpw would be one id consider certainly well ahead of nakheel emaar etc

shiva

should of course add though that id rather put my money into an unknown yak herder in mongolia for his social network start up.

ctfc

You shouldn't jest about these things - ticker is YAK :

http://www.marketwire.com/press-rele...AK-1390220.htm

jackthehat

And this whole Website is 'Observed and Recorded' by its American Operators!