Dubai / Gulf Time The Mena region witnessed 524 deals worth AED202.76 billion ($55.2 billion) during the first nine months of the year, according to the latest EY Mena M&A Insights report. Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped by 23% ...

  Bloomberg Cathay Pacific Airways Ltd closed its last overseas outpost, bringing some US-based pilots back to Hong Kong as the airline trims expenses after being hit hard by the pandemic. Cathay’s US pilot bases shut on October 31 and some crew will relocate to Hong Kong in the coming weeks, according to an internal memo seen by Bloomberg News. ...

  Bloomberg Asda reported a rebound in sales after two straight quarters of declines as the grocer focused on keeping prices low in a bid to win cash-strapped shoppers. Britain’s third-largest supermarket chain said sales grew 4.7% in the third quarter as the grocer’s Just Essentials budget range helped attract 400,000 new customers from rival supermarkets. The average UK household ...