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Investment bank income in Middle East at seven-year low

According to data by Dealogic, investment banking revenues in the Middle East fell to the lowest level since 2004 in the third quarter to a combined $36m, compared with $73m in the same quarter in 2010, Saudi Gazette has reported. Goldman Sachs topped the chart with $15m in revenues for the quarter, followed by RBC Capital Markets, Citi and Saudi Arabia's Falcon Financial Services who each made $3m to $2m.