Mergers and acquisitions blossomed in the Middle East and North Africa despite the Arab Spring, with a 33 per cent rise in the first half of the year.
During that period 173 deals were completed, compared with 130 in the first six months last year. The total value of the deals also increased by 30 per cent to US$21.17 billion (Dh77.75bn) from $16.26bn in last year's first half, a Zawya.com report said.
The results could presage 'a positive outlook for regional [mergers and acquisitions] activity towards the end of the year', said Youssef Saada, the head of financial research at Zawya, a financial information and research firm based in Dubai.
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