Mergers and acquisitions (M&A) activity targeting companies in the Middle East dropped in January, with volume and value both plummeting, according to a new report by Zephyr.
In total, just $406m was injected across 11 deals, an 89 percent decline in value from December, and down 85 percent on the year-earlier period.
Volume also weakened, coming in 69 percent lower than December's figure of 35 transactions and down 61 percent on the same time last year when 28 deals were recorded.
The Zephyr report showed there were no deals valued at $1bn or over in January, which undoubtedly played a part in the month's less than stellar results.
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