Dubai's IPO gambit adds $2.3 billion to bourse operator's value

Once the United Arab Emirates' leading exchange by traded volume, the city's bourse is now second to Abu Dhabi

Dubai’s aggressive moves to grab a piece of the red hot Middle Eastern IPO market have helped double the value of its exchange operator over two weeks. While Abu Dhabi and Riyadh drew in orders worth billions of dollars from marquee listings, Dubai was left behind.
 
The new head of the city’s financial market has announced a series of steps this month to help reverse that. A flurry of announcements since the start of the month have helped push Dubai Financial Market’s market value to about 17 billion dirhams ($4.6 billion). Including Sunday’s 10% rise, the shares have rallied