Mideast IPO markets take a breather

That number rises to 42 times for chemicals group Borouge’s $2 billion sale in May, 49 times for toll-road operator Salik’s $1 billion IPO in September, and 59 times for Saudi utility Marafiq’s $897 …

UAE arrests man filmed buying luxury cars

An Asian man, filmed arrogantly telling a car dealer in a luxury showroom to sell the most expensive cars in the garage to him, has landed in trouble. According to Arabian Business news, the United …