UAE among top 20 countries for merger and acquisition

Dubai, Dec 23 (IANS/WAM) The UAE has been ranked the 19th most attractive country for merger and acquisition activity, according to a London-based business school.

Advancements in technological development are responsible for driving the UAE’s index score upwards, according to the 2013 “M&A Attractiveness Index” published by Cass Business School, part of City University London.

The annual report ranks 131 countries on their ability to attract and sustain domestic and inward merger and acquisition deals.

The rankings were based on an analysis of a country’s regulatory and political environment, economic and financial factors, infrastructure and assets, technological capability and socio-economic characteristics.

The US retained the top spot in the rankings, followed by South Korea, Singapore, Britain and Hong Kong, Germany, Canada, France, the Netherlands and China.