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Homepage | Middle East Business News | Middle East | Regional merger deal values fall 54 percent in Q3
Regional merger deal values fall 54 percent in Q3
Mergers and acquisitions (M&A) deals announced in the Middle East and North Africa (MENA) region fell to $7.14 billion during the third quarter of the year, a 54 percent drop compared to the same period last year, according to a report by Ernst & Young.
The number of announced M&A deals has also dropped 26 percent-97 deals were announced in the third quarter of 2009 against 134 in the third quarter of 2008. The average size of a deal also fell from $184 million during the same period last year to $166 million this year.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: Deals, decrease, mergers, Middle East.
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