UAE leads charge in Middle East M&A rally during Q4 | ZAWYA MENA Edition:
"With the UAE dominating both inbound and outbound mergers and acquisition deals by volume, the Middle East region recorded a rally in M&A activities in the last quarter of 2017 reflecting the sustained investor appetite, the latest report by global law firm Baker McKenzie reveals. While the overall global deal volumes rose slightly by three per cent and posted flat growth in terms of value in 2017, the Middle East activity rallied in the fourth quarter, with deal volumes rising by eight per cent and aggregate value up by 21 per cent at $6.6 billion compared to the previous quarter, the report said. Eighty per cent of all Middle East M&A activity was cross-border in nature in the fourth quarter and the UAE once again drove both inbound and outbound M&A in the region. "Despite overall M&A deal activity in the Middle East decreasing in both value and volume in 2017, the rally witnessed in the last quarter of the year was very positive," said Omar Momany, head of corporate/M&A at UAE-based Baker McKenzie Habib Al Mulla."
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