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FINANCIAL NEWS
Middle East M&A transactions hit USD14b in Q2
20 Jul 2014
(MENAFN) Thomson Reuters reported that investment banking fees in the Middle East were estimated at USD237.9 million during the second quarter of 2014, up 72 percent than the first quarter, according to Arab News.
The value of announced M&A transactions with the region’s any involvement were estimated at USD14 billion during the second quarter of the current year.
Nadim Najjar, MD, MENA, said: “Middle Eastern equity and equity-related issuance during the first half of 2014 totaled $2.9 billion, a 6 percent increase in activity from the same period in 2013 ($2.8 billion). The region’s debt issuance reached $18 billion during the second quarter of 2014, the all-time highest quarterly total recorded in the region.”
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