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Spurred on by government initiatives and the emergence from COVID-19, the GCC IPO markets are now seeing unprecedented levels of activity, captivating institutional and retail investors alike.
After challenging times, we have the fantastic opportunity to experience the world coming together to celebrate Expo 2020 here in the UAE. Together with our global network of over 58,000 passionate professionals, Grant Thornton UAE, shares the UAE’s commitment in providing businesses and individuals alike with opportunities and support to create a better tomorrow.
Despite a difficult climate due to the pandemic across geographies and industries, Grant Thornton sees signs of optimism in both the resilience of the MENA markets and a strong recovery in economic and transactional activity.
The UAE’s recent changes to its commercial law allowing 100% ownership to non-UAE nationals for mainland businesses, is a testament to the country’s commitment to encourage foreign funding and economic diversification.
Recent significant variations of crude oil price have a significant effect on the Banking Industry.