Western investment banks suddenly favour the desert. The likes of HSBC , , Citigroup and Bank of America are boosting teams in Saudi Arabia and the United Arab Emirates to tap into increased public listings and M&A activities in the region. The winners are those who placed their bet long before the rush happened.
had to weigh maintaining their teams against the possibility that a boom in future work might not materialise.
Those doubts have now melted away amid a boom in big-ticket IPOs. While only 21 companies in the Middle East have listed so far this year, they’ve raised $12 billion, Dealogic data shows. In the same period last year, five companies raised only $670 million. Meanwhile, 195 U.S. and European IPOs have raised only $21 billion since January, against $219 billion raised in the same period in 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CDC gives the go-ahead for Pfizer and Moderna COVID vaccines for kids as young as 6 monthsCOVID-19 vaccines for kids as young as 6 months old will start shipping out over the weekend and are on track to arrive as soon as Monday, a spokesperson with the Department of Health and Human Services said.
Read more »
Christian Arango delivers in LAFC draw with SeattleGame-tying goal in the 79th minute earns the Black & Gold a crucial point to stay atop MLS Western Conference
Read more »
Photos show a centuries-old shipwreck found off Colombia's coast carrying lost treasure worth billions of dollars, including gold coins and emeraldsSpain's San Jose galleon was carrying a billion-dollar cargo of gold, silver and emeralds when it was sunk by the British navy in 1708, off Colombia's coast.
Read more »
‘The System Is Rusty': Executives Defend Industry as Airlines Cancel Scores of FlightsAir travel is roaring back, but not without some significant hiccups, ranging from canceled or delayed flights to lost luggage and long wait times.
Read more »
'The system is rusty': Qantas CEO defends industry as airlines cancel thousands of flightsAir travel is roaring back, but not without some significant hiccups, ranging from canceled or delayed flights to lost luggage and long wait times.
Read more »