"A flood of petrodollars into the turbo-charged Qatari and UAE economies is driving a bumper year for equity listings in the Middle East and North Africa (MENA) region, resulting in the highest levels of equity fundraising since 2008.
Although the total value raised in the region – $3.1bn across 24 deals, according to figures compiled by data provider Dealogic – is fairly small in the scheme of global equities, it marks the busiest January to mid-May period in the region for six years.
As this chart from Dealogic shows, the amount of capital raised in those five-and-a-half months is up 35 per cent on the same period last year and amounts to nearly half last year’s total of $6.4bn.
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