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Article: M&A Drives Renewed Interest In MENA; Most of the Middle East's investment banking fees during this year have come from merger activity.(M&A)(Rothschild)(Middle East and North Africa )
- Article from:
- Investment Dealers' Digest
- Article date:
- October 16, 2009
- Author:
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Byline: Joshua Hamerman
After putting Middle East and North Africa (MENA) business development on hold last year amid Wall Street's credit crisis, investment banks are resuming efforts to capture more market share in the region.
Dealmakers say that expected M&A opportunities are a significant driver behind the renewed interest in the region.
Middle Eastern investment banking fees for this year reached $431 million at Sept. 24, according to Thomson Reuters.
Fees in the region during the first nine months were down 57%, compared with the first three quarters of last year. But M&A fees this year have accounted for 47.7% of all fee income ...