Total Middle Eastern investment banking fees reached $462.1m during the first six months of 2017, 15% less than the value of the fees recorded during the same period in 2016. HSBC also topped H1 2017, announced any Middle Eastern involvement M&A league table. The Industrial and Commercial Bank of China (ICBC) ranked first among the Middle Eastern syndicated loans fee ranking. The value of announced M&A transactions with any Middle Eastern involvement reached $20.1bn during H1 2017, 8% more than that ofH1 2016. The National Bank of Kuwait (NBK) took the first place in H1 2017 Middle Eastern ECM ranking with a 24% market share, according to Reuters’ report.

Source: Daily News Egypt July 12, 2017 07:07 UTC