Sunday 8 July 2012

Tentative times for investment - The National

Investment banking in the Middle East continued to face challenges in the first half of this year as European and global fears compounded the uncertainties of the Arab Spring.

Regional debt capital markets and mergers and acquisitions (M&A) income were positive sectors in a six-month period during which other forms of investment banking business came under pressure from declining fees and activity.

In particular, traditional syndicated lending to companies virtually dried up in the period, down 98 per cent from last year, while equity capital markets activity was also down.

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