Two Dubai banks approve merger
Two Dubai-based banks have approved a plan to merge into one unit following negotiations over the past two years and…
Mergers & Acquisitions
1364 articles found
Burgan Bank nears ‘deal’ to buy EFG Turkish stake
Kuwait’s Burgan Bank is close to a deal to buy EFG Eurobank’s 70-percent stake in Eurobank Tekfen, three banking sources…
HSBC to retain most staff following Lloyds' takeover
HSBC Bank Middle East will retain as many employees as possible in the UAE following an announcement that they will…
HSBC To Buy Several Lloyds TSB Banking Assets In UAE
HSBC Holdings will announce a deal to purchase several Lloyds TSB assets in the United Arab Emirates later Thursday, a…
Kuwait Finance House Plans to Restructure, Sell Units, KUNA Says
Chief Executive Officer of Kuwait Finance House (KFH) Mohammad Al-Omar unveiled Monday plans to restructure, merge or sell unprofitable affiliates…
Abu Dhabi royals involved in RBS talks
Talks to sell a stake in Britain's state-owned Royal Bank of Scotland are being held at the level of the…
HSBC sells majority of a Middle East business
HSBC Financial Services (Middle East) Limited, a wholly owned subsidiary of HSBC Holdings plc, has agreed to sell 80.1% of…
CBO to discuss possible merger of OIB and HSBC
The Central Bank of Oman will discuss the possible merger of Oman International Bank (OIB) and HSBC Bank Middle East's…
Incoming SJ Berwin senior partner eyes international expansion
SJ Berwin’s senior partner-elect is putting international expansion at the centre of his strategy, with a US merger a “work…
Top PE manager acquires Aureos Capital
Abraaj Capital, a leading private equity manager investing in the rapidly growing economies of the Middle East, Turkey, Asia and…
Bahrain Islamic, Al Salam end merger talks
Bahrain Islamic Bank, the second-biggest Sharia-compliant lender in the country, ended talks with Al Salam Bank for a possible merger…
Abu Dhabi firm unlikely to get good price for RHBCap stake
Aabar Investments PJSC, the Abu Dhabi sovereign wealth fund which announced last June that it was acquiring Abu Dhabi Commercial…