Wealth Fund Backs Glencore’s Bid for Xstrata
The sovereign wealth fund Qatar Holding said on Thursday that it would support Glencore International’s proposed $32 billion takeover of…
Mergers & Acquisitions
1364 articles found
HSBC receives Central Bank approval for onshore assets of Lloyds TSB Middle East acquisition
HSBC Bank Middle East Limited has received the UAE Central Bank's approval for its acquisition of Lloyds Banking Group's (Lloyds…
Cigna Finalizes its Joint Venture Partnership Agreement with Finansbank
Global health service company Cigna CI has finalized its purchase of a 51% stake in Finansbank's insurance subsidiary, Finans Emeklilik,…
SocGen nears sale of Egypt arm to QNB
Societe Generale is close to reaching a final agreement on selling its majority stake in its Egyptian banking arm…
EFG Hermes plans to expand asset management division after JV
Cairo-based EFG Hermes is planning to grow its asset management capabilities by 50% following the creation of a joint venture…
Bank closer to Leeds takeover
LEEDS United is set to become the latest football club to come under Gulf financial control after a Bahrain-based investment…
Qatar expanding in to European banks
Qatar considers acquiring major stakes in investment banks in Europe, sources told Al Arabiya, noting that the negotiations are currently…
Bahrain's Ithmaar Bank gets nod for merger
The announcement, which follows the approval of the shareholders of both banks during separate Extraordinary General Meetings, is subject to…
Islamic Bank takeover on verge of collapse as fresh suitor emerges
THE proposed takeover of the Birmingham-based Islamic Bank of Britain by its major shareholder, Qatar International Islamic Bank, is on…
Old Mutual upbeat about its US prospects after asset sale
OLD Mutual’s US-based asset management business has accelerated plans to improve its operating margin following the announcement that it…
QInvest Said to Cut Jobs at Brokerage, Asset Management
QInvest LLC, the Qatari investment bank forming a joint venture with Egypt’s EFG-Hermes Holding SAE, is cutting jobs at its…
Morgan Stanley commodities talks with Qatar hit snag
Morgan Stanley's (MS.N) talks with Qatar's sovereign wealth fund over the sale of its commodities business have run into difficulty,…