Home Insights Features Revealed: Top 5 Companies In The UAE 2013 The biggest businesses in the United Arab Emirates, valued by market capital. by Neil Churchill November 5, 2013 The Abu Dhabi and Dubai markets posted the largest gains in H1 2013 among all GCC indices. These markets also ended 2012 with the highest gains in the GCC. Several factors are playing positive for the UAE. MSCI upgraded the UAE to emerging market status in June while the country also witnessed strong growth in the non-hydrocarbon sector at 4.1 per cent of real GDP growth in 2012. The sector is expected to grow 4.5 per cent in 2013, aided by strong growth momentum in service, trade and tourism sectors. Aggregate corporate earnings in the UAE came in at $3.3 billion implying a growth of 66 per cent from the previous quarter. Market liquidity in the first half of the year surpassed the entire value traded in 2012 signifying increased investor participation and confidence. Ranked by market capital (MCAP) as of 31st July 2013. Sources: Reuters Eikon, Markaz Research. More: Revealed: Top 5 Companies In Saudi Arabia 2013 Revealed: Top 5 Companies In Qatar 2013 The full list of the GCC’s largest 100 companies is available in the November issue of Gulf Business. 0 Comments
