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Middle East banking M&A deals touch USD7bln in 2012

Posted on 23 April 2013

The Middle East posted a strong jump in banking M&A (mergers and acquisitions) deal values in 2012, to nearly $7 billion, up from $1.5 billion in 2011, according to a study by global consulting firm PwC.
This was a result of six transactions in the period, even as the total number and value of global banking M&A transactions have declined steadily over the past few years, PwC said in a statement on Sunday, emphasising that high oil prices and the associated flow of money through the Middle East economy helped banks in some parts of the region to maintain high levels of liquidity………………………………………..Full Article: Source

 
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