Global dealmaking is in a new cycle, one driven by strategy, not volume. Lukas Poensgen, co-head of EMEA M&A, and Eddie Martin, head of EMEA Leveraged Finance, at Bank of America, discuss what separates this recovery from past booms, why financing is now a make-or-break strategic decision, and how the Middle East’s unique combination of capital, energy access, and policy ambition is positioning the region as a genuine force in cross-border dealmaking