08.10.2010 - Gulf M&A rally could fade if earnings stumble
From WSJ: Call it coincidence, but ever since the sequel to iconic ’80s flick Wall Street was released in the Middle East, corporate activity around these parts has sky rocketed. The Gordon Gecko effect, you could say, is in full swing. In the space of two weeks we’ve seen the United Arab Emirates’ biggest mobile-phone operator, Emirates Telecommunications Corp., or Etisalat, table an $11.7 billion bid for 46% of Kuwait’s Mobile Telecommunications Co., or Zain..............................................Full Article: Source
Print