EFG-Hermes rejects $1.1bn offer
EFG Hermes Holdings has announced that the Company’s shareholders’, including its primary shareholders; Abu Dhabi Investment Authority and Dubai Financial…
Mergers & Acquisitions
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Qatar goes on European shopping spree
Over the past three months, Qatar - a state no bigger than Yorkshire - has embarked on the financial equivalent…
Islamic bank Gulf Finance House seeks better times
Gulf Finance House is eyeing acquisitions and restarting stalled projects in Bahrain in an effort to turn around its fortunes.…
HSBC Oman, OIB merger 'halted' in Oman
Oman's Ministry of Commerce and Industry has halted the merger of HSBC Oman and Oman International Bank (OIB) following an…
Software firm sale not complete, says DIFC Investments
DIFC Investments, the investment arm of the company running Dubai's financial free zones, has not sold software company SmartStream Technologies…
Notice of merger of Bahraini Saudi bank bsc with Al-Salam bank-Bahrain bsc
Pursuant to the resolution of Bahraini Saudi Bank BSC (BSB) shareholders in their Extraordinary General Assembly meeting held on 22…
EFG Hermes, QInvest sign definitive joint venture agreement
EFG Hermes Holdings and QInvest have announced that they have entered into a definitive agreement involving EFG Hermes' Brokerage,…
Denizbank sale ‘stalls in Dexia management vacuum’
Dexia’s planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian…
DIFC Investments has likely sold Smartstream – JP Morgan
DIFC Investments (DIFCI), the investment arm of the company running Dubai's financial free zone, has likely sold software company SmartStream…
Swiss private bank said to be up for sale
Faisal Private Bank, struggling since the collapse of property schemes in the Gulf and beyond, is up for sale after…
OCS Group Enters the Middle East
Britain's largest family-owned international facilities services company OCS Group Ltd has launched its first business in the Middle East. …
Eurobank sells Turkey unit
Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish…