Australia’s Macquarie Capital scales back operations in Gulf region

The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray

Macquarie is scaling back in the Middle East by downsizing its operations in the United Arab Emirates, three sources familiar with the matter said and is giving up an operating license in Saudi Arabia.

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