31 Mar 2010
(MENAFN) A report issued by Ernst & Young showed that mergers & acquisition (M&A) deals announced in the Middle East and North Africa region dropped 67 percent in value to $34 billion in 2009, compared to $102 billion in 2008, Khaleej Times reported.
The number of announced deals dropped from 465 in 2008 to 353 in 2009, a decline of 24 percent, said the consulting firm’s annual Mena M&A update.
The number of announced outbound deals was down from 160 in 2008 to 92 in 2009, a drop of 42 percent, while domestic deals also fell from 239 to 191 in the same period. However, the number of inbound deals increased by 6 percent – from 66 in 2008 to 70 deals in 2009.
The fourth quarter of 2009 also saw a steep fall of 73 percent in deal value compared to the corresponding quarter in 2008, the report showed.
The value of domestic deals fell by 58 percent (from $27.6 billion in 2008 to $11.6 billion in 2009), while outbound deals dropped by 72 percent (from $69 billion in 2008 to $19.3 billion in 2009). Value of inbound deals also fell by around 46 percent.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more