Middle East

Where have all the IPOs gone?

It has not been a good year for stock market listings in the Middle East. In the first half of 2018, there were only 13 flotations, raising a total of $1.3bn in capital, according to consultancy firm EY, and there has not been much activity since then. Most of the market debuts were by real estate investment trusts (reits), and if these are excluded, only five companies came to market, raising a total of $149m.

Middle East defence spending sees downward slide

Military spending around the Middle East has dropped for the third year in a row, according to data from the London-based International Institute for Strategic Studies (IISS). Despite ongoing turmoil in many parts of the region – including civil wars in Libya, Syria, Iraq and Yemen – total spending fell by 3.5 per cent over the past year, from $153.9bn in 2016 to $148.5bn in 2017.

The 10 Strongest Military Forces In The Middle East

The Middle East and North Africa are generally seen as one of the least stable parts of the world. Indeed, the Institute for Economics and Peace ranks it the most violent region in its annual Global Peace Index. That’s not surprising, given the civil wars in Iraq, Libya, Syria and Yemen, as well as the insurgency in Egypt’s Sinai Peninsula, intermittent violence in Israel and the neighboring Palestinian Territories, plus the occasional flare-ups in Iran and Saudi Arabia and elsewhere.

Renewable Energy Will Be Consistently Cheaper Than Fossil Fuels By 2020, Report Claims

The cost of renewable energy is now falling so fast that it should be a consistently cheaper source of electricity generation than traditional fossil fuels within just a few years, according to a new report from the International Renewable Energy Agency (IRENA).

Capitalizing On Debt: Middle East Bonds

By almost any measure, Saudi Arabia’s bond issue on October 19, 2016 was a success. While analysts had been predicting an issu­ance of between $10bn and $15bn, the final amount was $17.5bn, setting a new record for the largest ever emerging markets sovereign bond—the previ­ous record had been set by Argentina in April 2016, when it sold $16.5bn.