Surge in regional M&A deals predicted

Merging_blocksNearly two-thirds (65%) of respondents in a survey of Middle East and North African businesses said they would pursue merger and acquisition deals in the next 12 months. The result was a record in the Capital Confidence Barometer survey carried out by consultancy EY. “With the recent oil prices, a slow-growth environment and the diversification agendas of many MENA countries still more in the planning than execution stages, MENA executives understand that they need to 'buy' versus 'build' to remain competitive,” said Phil Gandier, MENA transaction advisory services leader at EY. The consultancy said the value of deals done in the third quarter of the year increased by 23% to $4.3 billion as compared with the corresponding quarter in 2016. However, the rise came despite the number of deals falling from 84 to 76 between the same two periods. ©2017 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.