There was a revival in Middle East mergers and acquisitions business in the second quarter of this year, but overall the investment banking industry in the region remains under pressure from a lack of activity in the financial markets.
This was the picture that emerged from an analysis of the investment banking sector by Thomson Reuters, the global information group.
Regional mergers and acquisitions (M&A) activity reached US$8.5 billion (Dh31.21bn) in the second quarter, 45 per cent up on the first, marking the strongest quarter in M&A since 2010. But fees from M&A were 19 per cent down compared with the first half of last year.
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