Monday 4 May 2015
 
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merger

Saudi cbank ‘would welcome insurance mergers’

Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties, central bank governor Fahad Al-Mubarak said on Thursday. A number of Saudi insurance firms have b

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Oman investment firms set for key merger

The boards of Oman National Investment Corporation Holding and Oman International Development and Investment Company (Ominvest) have approved a proposed merger between the pair, according to bourse filings from both firms on Monday.

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UAE Islamic insurers mull merger as tight rules bite

Several Islamic insurers in the UAE are seeking guidance from the UAE Insurance Authority on the possibility of mergers and acquisitions in the sector, Ibrahim Al Zaabi, the director-general of the authority, told Reuters on Monday.

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Shell agrees $70 billion deal to buy BG

Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for £47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil. In a joint statement, the two firms said t

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Shell agrees $70 billion deal to buy BG

Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for £47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, US ExxonMobil. In a joint statement, the two firms said t

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Baker Hughes, Halliburton set for key merger

Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalisation. Halliburton shareho

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NBB eyes mergers and acquisitions across GCC

National Bank of Bahrain (NBB) is on the lookout for sound merger and acquisition opportunities in Bahrain and the wider GCC region, it has emerged. The bank's chairman Farouk Almoayyed said the bank had surplus capital and li

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BKIC ‘open to M&A’ to expand footprint in GCC

Bahrain Kuwait Insurance Company (BKIC) is open to mergers and acquisitions to expand its brand footprint across the GCC region, the company's chief executive has said. Ebrahim Al Rayes told the Gulf Daily News (GDN),

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ArcelorMittal plans merger with Italian service firm

The Italian unit of ArcelorMittal Distribution Solutions is planning to create a new joint venture with Italian service CLN (Coils Lamiere Nastri), said a report. The European Commission’s directorate-general for com

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Enoc hires M&A team; firm close to $1.5bn loan

Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday. The state-own

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