The recently announced merger between Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) – to form Emirates Global Aluminium – has boosted the value of the region's mergers and acquisitions by 30% to US$14.7 billion for H1 2013.
The merger between two of the Gulf's biggest aluminium producers has given the Middle East its best H1 results since 2008, according to a report from Thomson Reuters.
In fact, Thomson Reuters' Russell Haworth said that the United Arab Emirates was the most active Middle Eastern country and was the most targeted and most acquisitive country in the region so far this year.
According to Haworth, India was the most popular target for 'outbound' Middle Eastern transactions while the USA registered the highest value of inbound deals targeting the Middle East.
The Dubal/Emal merger, it is claimed, enabled Morgan Stanley to top the biggest earner charts. The company netted $9.8bn in the Middle East during the period and was the sole adviser on the deal.
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