Financial Services (29 Nov 2014)

• Songbird Estates says worth $4.4bn, more than Qatar offer

  Owner of London's Canary Wharf says property upturn means it is worth more than offer made by Qatar Investment Authority

• MENA M&A activity increases by 17% in Q3 but values fall

  Ernst & Young report says 109 deals were announced during quarter although deal value falls by 47%

• Zain Saudi proposes 45% capital reduction to shareholders

  Telecoms operator seeks approval to eliminate all accumulated losses up to September 30