Thursday 17 April 2014
 
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merger

AUB 'can't comment' on sale report

Ahli United Bank , Bahrain's largest lender, said on Thursday it couldn't comment on a Reuters story linking it with a possible sale or merger deal. "This news has not been issued from the bank's management and we

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Lama Group, Carfar in merger deal

Lama Group, a leading destination management company in the UAE, and Carfare, a privately-owned comprehensive mobility solution group, have signed a deal to merge the two services.   The move will create a combin

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Cement giants in key merger talks

The world's two largest cement makers, Lafarge and Holcim, are in advanced talks to merge into a company with a stock market value of more than $50 billion in what would be the industry's biggest ever tie-up. The discussio

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Mega deals drive global M&A activity

A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.

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Bahrain Islamic banks call off merger

A proposed merger of Khaleeji Commercial Bank (KHCB), an Islamic retail bank incorporated in Bahrain, with Bank Alkhair, a Bahrain-based Islamic investment bank, has been called off, said a report. In a statement, KHCB said both b

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Bahrain's Khaleeji Commercial 'open to Alkhair merger'

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has completed due diligence on a proposed merger with another Bahraini lender Bank Alkhair, said a report. KHCB shareholders were told yesterday by chairman Dr

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Arabtec 'will continue' expansion strategy

Arabtec Holding, a leading engineering and construction group of companies, reaffirmed today that it will continue to explore prevailing opportunities for mergers and acquisition in the markets of the UAE and the Middle East and North Africa reg

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Mena merger deal values soar to $51bn in 2013

The mergers & acquisitions (M&A) deal values in the Mena region grew 13 per cent in 2013 to hit $50.7 billion when compared to $44.8 billion the previous year, with the UAE and Qatar leading the regional deal activity, said a report by E

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Dubai extends gains on bourse merger bets

Dubai's exchange extended gains on Sunday as bets on the country's two bourses merging boosted sentiment, while banks' dividends helped lift Saudi Arabia in a mixed regional trend. Dubai's measure climbed 2.2 perce

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UAE bourses must unify back offices: ADX

Stock markets in the UAE should unify their back office operations and processes for settlement and regulation, the chief executive of the Abu Dhabi Securities Exchange (ADX) said on Sunday. Last year Abu Dhabi and neighbouring Du

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