Inflated valuations and a reluctance to relinquish control are preventing smaller insurers in the GCC from consolidating, and in a move to avoid reporting losses, they could distort market pricing for all, a report said.
A small n
The future of the Bahrain's financial sector lies in consolidation and mergers as there are too many banks in the Kingdom, of which many are too small to survive on their own, said Jamal Al Hazeem, the chief executive of BMI Bank, which has
Consolidation is the way forward for the takaful industry, which is in need of a proper regulatory body to oversee enforceability of rules.
"Any young industry always begins with mushrooming of various businesses," Ernst
Foreign banks are hunting for stakes in private Iraqi banks as the sector appears ripe for investment and consolidation but local banks are reluctant to take partners, fearing a loss of control, banking officials say.
Iraq's financial sec
There are many drivers for consolidation of Saudi companies but significant challenges exist, says a study.
The study by NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, said vertical consolidation is mor
There are clear signs that mergers and acquisitions in the telecom industry could steadily pick up in 2011 and 2012 as several operators have announced large transactions, said a study by Booz and Company.
Prior to the global economic slow
Top marine operator DP World has today (May 11) received shareholder approval to undertake a 1 for 20 share consolidation.
The share consolidation will take place prior to the commencement of trading on May 19.
Holders of DP World
Al Moayyed Computers has unveiled plans to tap the growing demand for consolidation, virtualization and converged data, voice and video networking solutions in the region to sustain business momentum.
One of the premier ICT solution provid
Insurex 2008, the region’s premier independent insurance conference, will be held in Dubai from April 8 to 9.
Now in its fifth successful year, the two-day event will highlight key trends and drivers for change across the Middle East insur