DUBAI: The financial fallout from the coronavirus pandemic will keep fuelling debt issuance from the Middle East into 2021, while also stoking mergers and acquisitions (M&As) as companies seek to consolidate, according to JPMorgan Chase & Co.
Growth in lending by the bank, coupled with fees from arranging bond and M&A deals, would drive the US company’s operations in the region, Karim Tannir, JPMorgan’s joint-senior country officer for the Middle East and North Africa, said in an interview. The United Arab Emirates and Saudi Arabia will be the main drivers.
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