Oil plunge may delay new IPOs in UAE | GulfNews.com:
"Plunging crude oil prices may delay the initial public offerings (IPOs) in the GCC as valuations remains compressed, market participants said.
Last year, about 6 companies got listed on the local exchange after a hiatus of 5 years in which investors poured billion of dollars looking at the underlying strength of the UAE economy. In the wider Middle East and North Africa (Mena) region, companies raised $11.5 billion in 2014 through 27 IPOs, almost four times more than the $3 billion raised in 2013 through 25 IPOs.
However, investor sentiment has taken a hit due to falling oil prices, which may trigger a delay in primary market issuances."
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