A Zenith is 1) an imaginary point directly above a particular location, on the imaginary celestial sphere; 2) the best or most successful point or time.

The Middle East IPO Boom May Have Reached Its Zenith (Source: Oil Price on 13 May 2023): By Cyril Widdershoven - Signs are emerging that the still continuing IPO boom in the Gulf could be reaching its zenith. Lower oil and gas revenues as a result of falling Brent crude prices, headwinds for the global economy,  high inflation in the U.S. and Eurozone, and ongoing central bank interest rates hikes are not only pressuring energy markets, but may also negatively impact proposed IPOs in hotspots Saudi Arabia and UAE. As mentioned last week following Aramco's impressive yet comparatively lower profits and revenues than those in Q1 2022, it is possible that Arab nations may see their oil and gas revenues shrink in the near future. Currently, the prices of crude oil, natural gas, LNG, and petroleum products are still experiencing downward pressure, which does not bode well for optimistic public spending plans of the Arab world. The world's largest oil company has surprised the market by delaying the expected initial public offering of its energy trading business. ...