Dubai Investments is considering an IPO for several of its companies, including a 30% stake in Emirates District Cooling (Emcool). The state-backed firm plans to raise about USD300mn through from the share sale next year and is waiting for the right market conditions to list the shares. Dubai Investments had wanted to sell 30% to 40% of the utility by this year at the latest. The share sale had also been delayed in the aftermath of Dubai’s financial crisis. Emicool provides cooling services to hundreds of homes and offices in areas such as Dubai Investments Park and Motor City. (Bloomberg)