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FINANCIAL NEWS
M&A in ME reach six-year high
29 Aug 2013
(MENAFN) Mergers and acquisitions (M&A) in the Middle East is at a six-year high and will be driven further by sovereign wealth funds and regional transactions, Times of Oman reported.
Deals at the value of USD39.1 billion were made in the Middle East in 2013 registering a 15 percent jump from the prior year.
Mubadala Development in Abu Dhabi announced that it will buy shares in Dubai Aluminium for USD15 billion. In July, Aldar Properties bought a stake in Sorouh Real Estate. Ooredoo, formerly known as Qatar Telecom, acquired 200 million shares in Kuwait’s National Mobile Telecommunications, Wataniya, for USD1.8 billion.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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