The Gulf’s once fast-expanding dealmaking market has suffered a sharp slowdown as regional conflict disrupts IPO pipelines, M&A activity, and sovereign-backed transactions, according to a report by the Financial Times.
The slowdown has all put on hold expectations that investment banking fees could surpass $1bn for the first time in nearly two decades.
Just months ago, bankers across Dubai and Abu Dhabi were positioning for a record year, driven by sovereign wealth fund activity and a strong...
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