Goldman Sachs is poised to reap advisory fees from a multi-billion dollar mega-merger in the Middle East for the second time in six weeks, as two of the region's biggest banks put the finishing touches to an $11.3bn (€8.2bn) tie-up.

Goldman Sachs, which moved into a new Dubai office in March after first gaining a banking licence last September, is acting as the sole financial adviser to Emirates Bank International and National Bank of Dubai on their merger, which will lead to the creation of the largest bank by assets in the Gulf region. Goldman is advising the joint steering committee of the two banks.