According to a report by M&A research company Zephyr, the total value of merger and acquisition (M&A) deals in the Middle East region increased by 4% y/y to USD 941mn in August. Despite the increase, the company said, deals volume dropped by 28% m/m to 55 transactions during the month. Lebanon accounted for 58% or USD 545.8mn of total deals value in August, followed by Saudi Arabia with 36% or USD 331mn. A recent report by business research Portfolio Media expected M&A deals to grow further in H2 of 2010 and 2011 following the increasing role of regional sovereign wealth funds and the relative easing of access to credit. |
|
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