The value of mergers and acquisition (M&A) deals in the Middle East fell by 24% y/y to USD 10.19bn in the first half of 2011, Emirates 24/7 said citing data from M&A database Zephyr. The number of M&A deals halved to 222 from 444 deals. The decrease was attributed to the weak private equity (PE) participation in deal-making and the political turmoil in the region. Only seven deals involved PE investments and their combined value stood at USD 25mn, down by 84% y/y. Jordan attracted 116 of all M&A deals in the region as their value stood at a combined USD 209mn. In terms of value, Qatar topped the region with deals worth USD 3.6bn. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more