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The next merger and acquisition hot spot in the Middle East (2009–2018): An Update
Author(s) -
Metwalli Ali M.,
Demello Jim P.
Publication year - 2020
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22442
Subject(s) - middle east , recession , mergers and acquisitions , investment (military) , politics , business , foreign direct investment , international trade , economy , political science , economics , finance , law , keynesian economics
Mergers and acquisitions are being increasingly used by corporate managers, worldwide, to enter, develop, and enhance market share. Major economic, social, and political changes have taken place in various countries in the Middle East region during the past decade as a result of the global recession of 2008 and the Arab Spring of 2011 resulting in the implementation of policies fostering foreign direct investment, economic growth, and stability. Published research regarding the impact of these policies on business organizations, investment, trade, and competitive strategies is fairly sparse. This article provides an update regarding the merger and acquisition trends that have resulted in 19 countries of the Middle East, with a particular focus on Israel, Saudi Arabia, United Arab Emirates, Kuwait, and Egypt.