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UAE revives proposal to merge stock exchangesThe United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. More… |
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Aldar, Sorouh see merger closing by June 30Abu Dhabi property firms Aldar Properties and Sorouh Real Estate said the two companies expect to close their state-backed merger by June 30, pending a ministerial resolution approving the deal. More… |
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Mideast M&A activity picking upAfter several sluggish years, mergers and acquisitions activity within the Middle East is showing signs of revival, giving hope to global banks which scaled back their regional operations because of a dearth of deal flow, said experts. More… |
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Bank Al Khair eyes retail push with Khaleeji mergerBank Al Khair, a Bahrain-based investment bank, expects its potential merger with local player Khaleeji Commercial Bank to help provide it with retail banking exposure and more stable revenues, a top executive sa More… |
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Top Bahrain Islamic banks in merger talksKhaleeji Commercial Bank (KHCB), a key Islamic retail bank majority owned by Gulf Finance house, has signed a MoU with Bahrain-based Islamic lender Bank Al Khair to study the feasibility of merging the two institutions into a larger financial in More… |
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UAE creates $15bn aluminium giantThe United Arab Emirates is merging its two flagship state aluminium firms to create the world's fifth largest aluminium company with an enterprise value of $15 billion. The merger will improve efficiency and help the emirate& More… |
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KFH-Bahrain wins top award for merger roleKuwait Finance House - Bahrain received the Best Investment Advisory Service 2013 Award from CPI Financial for its role as the lead and transaction adviser for the three-way bank merger in Bahrain that was completed last December. More… |
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BMI Bank-Al Salam boards back mergerThe boards of BMI Bank and Al Salam Bank Bahrain have reached an in-principle agreement to proceed with discussions for a merger, which will create the third largest bank in the kingdom, said a joint statement by the banks. BMI Ba More… |
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Bankers see robust M&A recovery in 2013A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession. More… |
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Mena M&A deal value doubles to $14.6bnThe mergers & acquisitions (M&A) deal values in the Mena region have doubled in the first quarter to hit $14.6 billion compared to $7.3 billion the previous year, with the UAE and Qatar accounting for 76 per cent of total disclosed domes More… |
