Thursday 28 August 2014
 
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Turkey's Bank Asya ends exclusivity deal with QIB

Turkish Islamic lender Bank Asya said an exclusive deal with Qatar Islamic Bank (QIB) to acquire a stake in the Turkish lender was annulled, opening the way for alternative suitors. Bank Asya attempted earlier this year to form a partne

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RakBank in talks to acquire Rak National Insurance

UAE-based National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a listed insurance company in the emirate, a rare example of a takeover attempt involving two public UAE fi

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GFH to invest $30m in Dubailand

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has announced that it is investing $30 million in Dubailand to acquire a plot of 1.2 million sqft.   In a clarification, the investment bank revealed

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Abraaj acquires majority stake in Tunisian hospital

The Abraaj Group, a leading investor operating in global growth markets, has acquired a majority stake in Polyclinique Taoufik, a leading private hospital in Tunisia, through its funds.   Based in Tunis, Clinique

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Investcorp to buy Dutch firm in $327m deal

Bahrain-based Investcorp, an alternative investment manager, has signed an agreement to acquire Netherlands-based SPGPrints Group from funds managed by Bencis Capital Partners for an enterprise value of 240 million euros ($327million).

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Japan's Hitachi Zosen acquires Dubai company

Hitachi Zosen Corporate (Hitz), a Japanese engineering heavy-weight, has acquired Dubai-based electrochemical company Cumberland in line with its regioanl expansion strategy. The Tokyo-listed Hitz had a revenue of 333.4 billion ye

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Gulf Cryo acquires minority stake in Tyczka Air Austria

Gulf Cryo has acquired shares in Tyczka Air Austria, a part of the Tyczka Group, becoming a minority partner.   Gulf Cryo and the Tyczka Group will bring together technical, commercial, and financial resources in

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Discovery acquires 51pc interest in Eurosport

Discovery Communications has completed the acquisition of a controlling interest in Eurosport International, a leading sports entertainment group.   The company increased its interest in Eurosport to 51 per cent

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Schneider Electric acquires AST Modular

Schneider Electric, a global specialist in energy management, has acquired Barcelona-based AST Modular, which offers a comprehensive portfolio of prefabricated data centre modules, services, manufacturing expertise and project engineering supp

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Dubai resort group acquires Maldives property

UAE-based Dutco Group of Companies, the owners of JA Resorts & Hotels, has acquired a high-end resort in the Maldives.   It is the first resort that the group has purchased and will operate outside Dubai, sai

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