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Egypt receives $14bn tranche from UAE to develop Ras Al Hekma

Egypt receives $14bn tranche from UAE to develop Ras Al Hekma
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Mena merger deals up 19% to $17.1bn in first three months of 2021

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The value of mergers and acquisitions in the Middle East and North Africa reached $17.1 billion in the first three months of 2021, up 19 per cent on the same period last year, according to Refinitiv.
The acquisition of a 20 per cent stake in BP’s Block 61 gas field in Oman by Thailand’s PTT Exploration and ‎‎Production Public Company for $2.59bn was the biggest single deal in the region during the period, the company s quarterly Mena Investment Banking Review showed.
Other prominent deals included Mubadala Investment Company’s $1.65bn purchase of refinery and logistics assets of Brazil’s Petrobras, the acquisition of Emaar Malls by its parent Emaar Properties for $991.6m and Sublime Commercial Investment’s acquisition of a 12.21 per cent stake in Aldar Properties for $953m. ....

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