Published: July 18, 2026
Investment banking activity across the Middle East and North Africa (MENA) experienced a notable slowdown during the first half of 2026, with total investment banking fees declining by 19% year-on-year to their lowest level in three years.
According to market data reported by LSEG, the decline reflects a softer transaction environment across mergers and acquisitions (M&A), equity capital markets, and debt capital markets. Despite the slowdown, J.P. Morgan remained the region’s leading investment bank by fee generation during the period.
Market analysts attribute the weaker performance to cautious investor sentiment, evolving financing conditions, and a more selective approach toward large-scale transactions. While overall fee income declined, strategic investments and infrastructure-related opportunities continue to support long-term market fundamentals across the GCC and wider MENA region.
The report highlights that, despite short-term market adjustments, the region continues to offer attractive opportunities driven by economic diversification programs, sovereign investment initiatives, and sustained demand for strategic capital deployment.
As regional economies continue implementing long-term development strategies, investment banking activity is expected to gradually recover alongside improved market confidence and renewed transaction pipelines.
Source: ZAWYA (18 July 2026) | Market data based on LSEG.
Source
This article is an editorial summary prepared for informational purposes based on publicly available industry news.
Original Source:
ZAWYA – “MENA Investment Banking Fees Plunge 19% to Three-Year Low in H1 2026”
Additional Market Reference:
AlMowazi