Saudi IPOs Shelved in Cooling Middle East Markets

Photographer: RAMZI HAIDAR/AFP
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Hi, it’s Kwaku Gyasi in London, rounding up a bad news day for IPOs in the Middle East. Elsewhere, Icahn vs Hindenburg heats up and Barclays has a new co-head of ECM in EMEA.

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The Middle East’s IPO market, until only recently a boom amid the gloom, is returning to Earth with a bump–or two.