HSBC to take top spot for Gulf ECM

HSBC could be catapulted to the top of a league table of bookrunners for Middle East flotations next week following the expected $1.2bn (€815m) listing of Saudi Arabian oil company Petro Rabigh, set to become the Kingdom's largest equity offering.

Dubai-based bank Shuua Capital was the top-ranked bookrunner in Gulf Cooperation Council markets last year with its share of deals valued at $2.5bn, according to investment banking data provider Dealogic.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached