UAE: Surge in Mideast M&A activity bucks global trends in 2020

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(The Khaleej Times)

PwC analysts see customer centricity, digital transformation and localisation of supply chains as some of the key factors which will influence the M&A strategy of businesses and investors across the region.

Merger and acquisition deals in the Middle East bucked global trends in 2020 to record a six per cent surge as worldwide volumes for completed deals fell by nine per cent compared to 2019, PwC said in a report released on Tuesday.

While the pandemic severely curbed M&A activity globally, dealmakers throughout the Middle East region adapted rapidly and imaginatively to the crisis, the report said.

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