Bank of America and Rothschild & Co ranked as the top mergers and acquisitions (M&A) financial advisers in the Middle East and Africa for the first half of this year by value and volume of deals, respectively, a new report says.
Bank of America advised on almost $7 billion worth of deals from January to the end of June, while Rothschild & Co advised on 10 deals valued at $1.1bn, placing it ahead of Deloitte with seven and Goldman Sachs with five, the latest Financial Advisers League Table by data and analytics company GlobalData showed.
A total of 609 M&A deals worth $46.2bn were announced in the region during the first half of the year, according to Global Data.
"Owing to volatile market conditions, deal activity in Middle East Africa remained subdued with the region experiencing decline in deal value in Q2 2022 compared to Q2 2021 and the previous quarter as well," GlobalData said in its report.
The technology sector dominated the M&A landscape in the region with the highest volume and value of deals in the first six months of the year.
Meanwhile, the power sector registered growth in volume as well as value on an annual basis.
The biggest deal in the region was Geneva-based MSC Mediterranean Shipping's acquisition of South Africa's Bollore Africa Logistics in March for $6.4bn. This was followed by Intel acquiring Israel's Tower Semiconductor for $5.4bn in February.
The biggest deal globally was Broadcom acquiring VMware for $69bn in May, followed by Microsoft's acquisition of Activision Blizzard for $68.7bn in January.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
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COMPANY%20PROFILE
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THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
Sleep Well Beast
The National
4AD
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
57%20Seconds
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Fight card
Preliminaries:
Nouredine Samir (UAE) v Sheroz Kholmirzav (UZB); Lucas Porst (SWE) v Ellis Barboza (GBR); Mouhmad Amine Alharar (MAR) v Mohammed Mardi (UAE); Ibrahim Bilal (UAE) v Spyro Besiri (GRE); Aslamjan Ortikov (UZB) v Joshua Ridgwell (GBR)
Main card:
Carlos Prates (BRA) v Dmitry Valent (BLR); Bobirjon Tagiev (UZB) v Valentin Thibaut (FRA); Arthur Meyer (FRA) v Hicham Moujtahid (BEL); Ines Es Salehy (BEL) v Myriame Djedidi (FRA); Craig Coakley (IRE) v Deniz Demirkapu (TUR); Artem Avanesov (ARM) v Badreddine Attif (MAR); Abdulvosid Buranov (RUS) v Akram Hamidi (FRA)
Title card:
Intercontinental Lightweight: Ilyass Habibali (UAE) v Angel Marquez (ESP)
Intercontinental Middleweight: Amine El Moatassime (UAE) v Francesco Iadanza (ITA)
Asian Featherweight: Zakaria El Jamari (UAE) v Phillip Delarmino (PHI)
