Consolidation of laws 'will help Saudi Arabia attract more FDI'Consolidation of regulatory laws will help Saudi Arabia attract foreign investment, create new jobs, transfer private sector skills to the public sector and meet Vision 2030 goals, according to ICAEW, a world leading professional membership orga More… |
Consolidation 'key for GCC petchem industry'Consolidation is a key imperative for the GCC petrochemical industry to remain competitive globally, says a new report published by the Boston Consulting Group (BCG), in collaboration with the Gulf Petrochemicals & Chemicals Association (GPC More… |
Qatar Airways CEO rejects consolidation in GulfQatar Airways’ chief has said he was not in favor of regional consolidation, rejecting any need for the Gulf region to join in the trend for mergers which has raised airline profitability elsewhere in the world. More… |
Merger issues ‘may cause GCC insurers to default’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 More… |
Consolidation 'vital for Bahrain banks'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 More… |
Proper regulator key to takaful successConsolidation 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 More… |
Iraqi banking ripe but reluctant for bidsForeign 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 More… |
Consolidation of Saudi firms seenThere 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 More… |
Telecom industry to witness big M&A dealsThere 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 More… |
DP World shareholders approve consolidationTop 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 More… |