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| Researchers at Arqala University Help AA Find MENA IB Fees |
AA had
a moment of near total shock as I read the headline “Middle East investment banking fees total $912 billion in 2017” in the 10 January edition of AA’s newspaper of record the Gulf News.
Quite
a change
from 2016 or so it would seem.
It only
took the first paragraph to dash AA’s fervent hope for “investment bank fee
riches” in MENA much less in Saudi Arabia to come crashing to the ground. USD 912 billion quickly turned into
USD 912 million.
Thompson-Reuters
estimate that global investment banking fees total some USD 104 billion in 2017. MENA
fees at USD 912 million are some
88 basis points of the total.
AA’s
point in writing this isn’t GN’s editing mistake, but rather to use it point
out once again that in the grand scheme of matters financial MENA IB fees remain
miniscule, more a rounding error that meaningful. A hobby rather than a mainframe business.
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