Turkey, Middle East & Africa M&A activity, 2022-Q3 2025 Through Q3, the macroeconomic picture across Turkey, Middle East & Africa was one of tentative stabilization. In Turkey, inflation was little changed, holding around 33% in September, though down sharply stability began to bear fruit. In the Gulf, meanwhile, fiscal positions Deal activity across the region softened in Q3, extending the 20.3% year-on-year and the lowest quarterly count of the last few years. Yet total value jumped by 91% to 46.8bn, the steepest volume-value divergence of any EMEA market.