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.
Read more: http://www.thenational.ae/thenationalconversation/industry-insights/markets/mergers-and-acquisitions-across-middle-east-roar-in-q1#ixzz2PNjoEH4Y
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