Bigger, bold M&A deals fuel transformative growth in Mideast region

SATIC

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Bigger, bold M&A deals fuel transformative growth in Mideast region

Middle EastMarch 24, 202543Views 0Likes 0Comments

Despite global headwinds, Middle East deals volumes experienced a modest decline of only 4% - from 493 deals in 2023 to 475 in 2024 - significantly outperforming the global market’s decline of 17% and showcasing the region’s resilience in M&A activity In 2024, the Middle East’s mergers and acquisitions (M&A) market demonstrated remarkable resilience and confidence,…

EU – South Africa Summit Declaration

EUMarch 19, 202551Views 0Likes 0Comments

Mrs Ursula von der Leyen, President of the European Commission, Mr António Costa, President of the European Council, met with Mr Cyril Ramaphosa, President of the Republic of South Africa, in Cape Town today for the 8th Summit between the European Union (EU) and South Africa. The Leaders issued the following statement: We, the Leaders of…

Africa’s Food Imports Could Reach $110bn by 2025 – SAA

BusinessMarch 18, 202537Views 0Likes 0Comments

Godwin Atser, Country Director of the Sasakawa Africa Association (SAA), has stressed the urgent need for Nigeria and Africa to embrace agricultural digitization to strengthen food security and avoid the risk of re-colonization. Speaking at the Annual Stakeholders’ Workshop in Abuja, themed “Transforming The Agricultural Landscape Through Digital Agricultural Extension and Advisory Services,” Atser voiced concerns over…

Cutting-edge Technologies in the Panama Canal: No More Miter Gates

InvestmentMarch 18, 202554Views 0Likes 0Comments

I s an alternative to the Panama Canal possible? Mexico is trying with the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT). However, given the complexity and strategic importance of the project—especially after the expansion of the New Panama Canal in 2016—the challenge is anything but simple. But what truly makes the New Panama Canal extraordinary? Massive Freight Ships Can Cross the Panama Canal Thanks…

Saudi Arabia Raised by S&P as Economic Diversification Pays Off

Business, InvestmentMarch 18, 202551Views 0Likes 0Comments

(Bloomberg) -- Saudi Arabia’s credit rating was upgraded by S&P Global Ratings for the first time in two years, as the kingdom’s efforts to diversify the economy from oil pay off. The credit assessor moved Saudi Arabia up one level to A+ from A, according to a statement Friday. The outlook on the rating is stable. “The…

Zahid Group pursues new takeover talks with South Africa’s Barloworld

Business, Investment, SaudiMarch 14, 202556Views 0Likes 0Comments

A consortium led by Zahid Group is set to enter a new round of negotiations to acquire a controlling stake in South African construction equipment outfit Barloworld as part of a standby offer, after Barloworld shareholders rejected its initial offer for a full takeover over the pricing, Zahid Group Director of Investments Augostino Sfeir told Bloomberg. The initial offer failed…

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