Deals Spree in Middle East
Abu Dhabi skyline at sunset. Photographer: Dan Kitwood/Getty Images
The Middle East is seeing a flurry of deals as leading companies chase new growth opportunities and expand their global footprint.
The United Arab Emirates’ largest lender kicked off what's likely to be its biggest acquisition yet in Egypt. First Abu Dhabi Bank made a non-binding offer to buy no less than 51% in EFG-Hermes, valuing Egypt's biggest investment bank at $1.2 billion.