Mergers and acquisitions in the Middle East up
Mergers and acquisitions in the Middle East posted a 30 per cent jump last year thanks to unprecedented economic buoyancy fuelled by booming oil prices and repatriation of billions of dollars of Arab funds from abroad, Khaleej Times reported Tuesday.
All in all, the value of Mergers and Acquisitions (M&A) rose from $8.829 billion in 2004 to $11.501 billion in the first 11 months of 2005. The rise in value is encouraging as the number of deals completed indicates a sharp surge, rising by 97 per cent to 217 in the first 11 months of 2005.
- Total mergers & acquisitions deals in the (MENA) registered a rise of 36 percent
- MENA: Merger deals to grow 4%
- Merger and Acquisitions activity to reach record levels in Middle East
- Disclosed M&A deal value slides from US$15.64 billion in Q3 2008 to $7.14 billion in Q3 2009: Ernst & Young
- Mergers and acquisitions built around companies’ distinctive strengths