Abu Dhabi backs Virgin's bid for 632 Lloyds bank branches
Abu Dhabi Investment Authority has been named as an investor backing Virgin Money in its bid for 632 branches of…
Mergers & Acquisitions
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Key role for Mubadala in Carlyle's market float
Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, is among the first to benefit from an…
Barwa Bank's acquisition of Al-Yusr may pave way for more transactions
With four months to go for the emirate’s conventional banks which have opened Islamic banking windows (IBWs) to close them…
Regulators to keep tabs on money laundering
Dubai's financial services authority will remain on guard against money laundering because such safeguards are needed to attract foreign capital,…
Standard Chartered in talks to acquire private bank in Iraq
Standard Chartered Bank has held talks with one of Iraq's biggest private banks over its possible acquisition. Negotiations with Warka…
Bahrain bank merger a litmus test for Gulf
The planned merger of two Bahraini banks, intended to create the largest Islamic lender in the Gulf Arab kingdom, could…
MDM Bank seeks Arab, Asian sovereign wealth investors
MDM, whose shareholders include businessman Sergey Popov with a 56.3 percent stake and Igor Kim with 11 percent, may offer…
BBK forms new Joint Venture in Kuwait – BBK-Geojit Securities KSC
The new entity, BBK Geojit Securities KSC, will be headquartered in Kuwait City and will initially start operations with two…