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Lazard Marks Strategic Expansion Into the UAE, Reinforcing Its Financial Advisory Base in MENA

1. Lazard is expanding its financial advisory services to the UAE. 2. The new office in Abu Dhabi will enhance Lazard's MENA presence.

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Why Bullish?

Expanding operations in a key financial hub like Abu Dhabi indicates strong growth potential. Similar expansions historically have led to increased market confidence and stock prices for investment firms.

How important is it?

The impact of establishing a main office in a financial hub is significant for future profitability. Increased advisory capabilities are expected to attract more clients, potentially boosting revenues.

Why Long Term?

The strategic establishment of a regional office lays the groundwork for sustained revenue growth over years. Previous expansions by financial firms into emerging markets often take time to realize full benefits.

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NEW YORK & ABU DHABI, United Arab Emirates & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today its strategic expansion into the United Arab Emirates, establishing Abu Dhabi as the Financial Advisory main office for the country, subject to regulatory approval. The establishment of this office reflects the role of Abu Dhabi as a leading business and financial center globally and underscores Lazard's commitment to deepening its presence in MENA and serving as a truste.

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