The total value of Middle East's mergers and acquisition (M&A) activity dropped by around 88% m/m in July to reach USD 270mn, figures by Bureau van Dijk showed. The number of transactions also fell to 59 compared from 73 transactions in the previous month, the bureau said noting that USD 100mn was the ceiling for such transactions with Kuwait on top of countries list with transactions valued at USD 121mn. |
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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