Thursday 28 July 2016
 
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merger

NBAD Q2 net profit dips 4.8pc, meets forecasts

National Bank of Abu Dhabi, the emirate's largest lender by assets, on Wednesday posted a 4.8 per cent fall in second-quarter net profit, broadly in line with forecasts. NBAD, which earlier this month said it had provisionally

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Dow, DuPont stockholders approve merger

DuPont and The Dow Chemical Company announced that stockholders of both companies have voted to approve all stockholder proposals necessary to complete the merger of equals transaction. This marks a key milestone in the process to

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United Arab Shipping seals Hapag-Lloyd merger deal

Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company (UASC) have signed a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals. Apart from the BCA, th

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Saudi petchems eye M&A as part of efficiency drive

Saudi petrochemicals producers are looking for mergers and acquisitions to secure scale and raw materials as part of an efficiency drive to adjust their businesses to lower oil prices. The industry has developed substantially sinc

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Saudi petchem firms eye M&A as part of efficiency drive

Saudi petrochemicals producers are looking for mergers and acquisitions to secure scale and raw materials as part of an efficiency drive to adjust their businesses to lower oil prices. The industry has developed substantially sinc

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Saudi petchem firms eye M&A as part of efficiency drive

Saudi petrochemicals producers are looking for mergers and acquisitions to secure scale and raw materials as part of an efficiency drive to adjust their businesses to lower oil prices. The industry has developed substantially sinc

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UK’s Restrata merges with Stirling Group

UK-based Restrata and Stirling Group have merged to form a major new force in global health, safety, security, environment and risk management. The merger brings together two businesses which have been successful in their respecti

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Abu Dhabi banks' merger move seen just the start

A potential merger between two of Abu Dhabi’s biggest banks may just be the start of consolidation in the industry. That’s according to analysts from EFG-Hermes Holding and Emirates NBD, who say the UAE needs more tie-

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NBAD, FGB confirm talks over possible merger

National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) on Sunday confirmed they were in talks over a possible merger or a combination of the two businesses. Reuters, citing sources aware of the matter, had reported on Thursda

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NBAD, FGB in early merger talks

National Bank of Abu Dhabi and First Gulf Bank have held preliminary discussions on a possible merger of the Abu Dhabi-based lenders, two sources with knowledge of the matter said on Thursday. "There's a proposal to merge

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