Investment banking fees in the Middle East slumped in the first-quarter as political unrest in the region kept investors away from capital markets and crippled appetite for deals, data from Thomson Reuters showed.
Total investment banking fees for the first-quarter plunged 58 percent to $48.8 million compared with $116.3 million for the previous year.
Many countries in the Middle East North Africa (MENA) region has been plagued by violent political unrest which has forced investors to remain on the sidelines and cancel deal plans.
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