The Middle East is on track to raise nearly $7bn in stock market flotations so far this year once the $2.8bn (â¬1.8bn) deal launched yesterday by Saudi Arabia's Al Inma Bank has completed, as 94 other companies seek new listings on the region's stock exchanges in 2008.
So far this year there has been $4bn raised through nine initial public offerings by companies from the Gulf Cooperation Council, an economic and political policy forum that includes Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the United Arab Emirates.
