2012-09-03 — reuters.com
``Middle Eastern deal activity has been picking up after a subdued period. Cash-rich Gulf Arab sheikhs and governments are buying European assets, lured in part by attractive valuations due to weak markets.
"There is a pick-up in M&A activity in the MENA (Middle East and North Africa) region, led to a large extent by Qatar and Abu Dhabi," Azar said.
"The environment in Europe is still challenging but there are names that were beaten up and are now trading at attractive levels. This presents an opportunity for Gulf investors."''
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