12 Oct 2010
(MENAFN) The Thomson Reuters Q3 Middle East Investment Banking Analysis showed that Middle Eastern firms targeted merger and acquisition deals (M&A) for the third quarter reached $15 billion, 10 times the activity seen in the same quarter last year, and the busiest quarter on record, Reuters reported.
From the beginning of the to date figures reached $27 billion, the most active first nine months of the year on record. Telecommunications is the most targeted industry in the Middle East with $12 billion, 44 percent of the activity.
Kuwait was the most acquired Middle Eastern country with $12.5 billion, 46 percent of the activity. UAE is the most acquisitive Middle Eastern country for the first nine months of 2010 with 57.8 percent. Kuwaiti companies are the most attractive to Middle Eastern acquirers, with 37 percent of the activity.
Middle Eastern debt issuance reached $22 billion so far this year, down 7 percent from $23.7 billion when compared to the same period last year.
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