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Dubai – Mubasher: The United Arab Emirates dominated M & A transactions in the Middle East during the first half of this year.
According to Ernst & Young's mergers and acquisitions activity, the UAE has recorded approximately 20 deals worth $ 14.4 billion, out of a total of 40 transactions in the region. 39 worth $ 15.1 billion.
In the first half of 2019, the value of transactions in the Middle East and North Africa region increased 220.8%, reaching $ 115.5 billion, compared with $ 36 billion in the first half of 2018, says the report.
The volume of transactions decreased by 10.7% in the first half, from 242 to 216 in the same period of the previous year.
The oil and gas sector was the main target of transactions in the region, with transactions valued at $ 10.8 billion.
The United Arab Emirates has registered four out of six transactions in the sector, including three major transactions, including the sale of the ADNC stake in its refining and pipeline business.
Ober's acquisition of $ 3.1 billion worth of Karim Networks was among the largest deals of the first half, making it the largest transaction to date in the Middle East technology sector.
In the first half of 2019, state-owned enterprises participated in 55 transactions, representing 2.5% of the total announced transactions, worth $ 104.5 billion, or 90% of the value. total transactions, including large transactions with Saudi Aramco, ADNOC and the Abu Dhabi Investment Authority.
In the first half of 2019, the chemicals sector posted the highest value of $ 69.3 billion, driven by Saudi Aramco and SABIC.
Oil and gas ($ 14.2 billion), health ($ 10.3 billion).
While the banking sector and the capital market recorded transactions worth $ 5.1 billion, followed by the $ 4.6 billion technology sector, which included an acquisition of 1.3 Billion dollars from Karim Networks.
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