x Abu Dhabi, UAETuesday 25 July 2017

Mergers and acquisitions across Middle East roar in Q1

A $6.4bn buyout of Egypt's Orascom Telecom by Altimo is the region's biggest announced M&A deal so far this year, while the merger of Aldar Properties and Sorouh Real Estate has been the largest in the UAE.

LONDON // Mergers and acquisitions roared back in the Middle East and Africa in the first quarter, with deal values of $18.5bn more than double the same period a year earlier, according to data from Mergermarket.

Morgan Stanley was the most active dealmaker with four deals notched up this year alone.

A $6.4bn buyout of Egypt's Orascom Telecom by Altimo is the region's biggest announced M&A deal so far this year, while the merger of Aldar Properties and Sorouh Real Estate has been the largest in the UAE.