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Acquisitions in the Middle East, rising 19% in 9 months


A recent report revealed that the value of mergers and acquisitions announced in the Middle East amounted to 37.4 billion US dollars during the first nine months of this year, rising 19% from the same period last year.

The quarterly report showed investment banking in the Middle East, issued by the Freeman Foundation Consulting and Thomson Reuters, that the value of transactions in the region is the highest recorded in the nine months since 2010.

The Freeman estimates and Thomson Reuters that investment banking fees in the Middle East amounted to 581 million US dollars during the first nine months of this year, an increase of 11% from the same period last year.

Said Nadim Najjar general manager of Thomson Reuters, the total releases stocks and stock-related shareholder rights in the Middle East during the first nine months of the current year amounted to $ 1.5 billion; no less than 72% of the value recorded in the same period last year, the lowest recorded value in the first nine-month period since 2004.

Carpenter pointed out that the debt issues in the Middle East amounted to 43.8 billion US dollars during the first nine months of 2016, supported by index recorded in the second quarter of this year, which is higher by 75% from the value recorded in the same period last year, it is also the highest value recorded in the first nine months of the year since the start of monitoring in 1980 versions.

Finance Minister said that he was the final account of the general budget for the fiscal year 2015-2016 to adopt, in preparation for submission to the Cabinet for discussion and approval and forwarded to the Parliament for ratification in accordance with constitutional procedures.

Amr added Garhi in a statement on Wednesday that the general revenues grew by 5.6% (equivalent to 26.3 billion pounds) to a record 491.5 billion pounds, compared to 465.2 billion pounds calculates the final financial year 2014-2015.

The minister attributed the increase in revenue to higher tax revenues worth 46.4 billion pounds, and non-tax of about 1.8 billion pounds; easing the impact of the decline in grants Egypt obtained the last fiscal year to reach 3.5 billion pounds compared to 21.9 billion pounds the previous year.

Garhi He continued: "Increasing tax revenues also helped to absorb the rise among the general expenses by 11.5%, an increase of 84.5 billion pounds, registering about 817.8 billion pounds, compared to about 733.3 billion pounds for the fiscal year 2014-2015."

According to the statement, the state budget deficit amounted to 233.5 billion pounds, representing 12.2% of the GDP.

The minister pointed out that wages highest scored item, to accounts for 26% of the total public expenditure to a record 214 billion pounds, an increase of 16 billion from the previous fiscal year.

The minister announced withstand the public treasury about 493 billion pounds in settlement of the burden of public debt represents 45.6% of the uses of the proceeds, saying that it refers to the ability of the budget to pay despite the rise in the required amounts.

The statement to inject about 69 billion pounds, an increase of public investments for the previous fiscal year by 12%, and spend about 98 billion pounds on education, and 44 billion for the health sector.

The statement emphasized that the spending on the social dimension programs increased during the last fiscal year to account for about 396 billion pounds, accounting for 49.5% of expenses and the proportion of 80.6% of the revenue collected, including 43 billion pounds to support the supply commodities, up 3.3 billion pounds for the previous fiscal year, an increase 8.5%.

The statement said that the electricity to support the last fiscal year rose by 5 billion pounds, rising health insurance and pharmaceutical support by 19.7%.

The minister pointed out that the contribution of the public treasury in the insurance and pension funds rose by 32.3%, and amounts transferred from the Treasury to programs Takaful and dignity amounted to about 1.7 billion pounds. In contrast, allocations export promotion programs rose by 43%

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