Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook
Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup ,…
Mergers & Acquisitions
1364 articles found
Egypt's Suez Canal Bank to sell entire stake in Midor
Egypt’s Suez Canal Bank will sell its entire stake in Middle East Oil Refinery (Midor) for $30.6 million. The…
UAE ministries may be merged, authorities changed: Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Gulf banks could see second wave of mergers after pandemic dust settles
The impact of the novel coronavirus on the global economy is growing and continues to shock the markets in unprecedented…
JPMorgan sees more Gulf companies linking up but no liquidity crunch
JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it…
Bahrain's Al Baraka Bank looks for acquisitions as coronavirus pandemic hits valuations
Al Baraka Banking Group, a Bahrain-based Sharia-compliant lender, plans to expand its footprint in Asia including India, China and Indonesia…
Qatar National Bank expected to sell $750 mln-$1 bln in bonds -sources
Qatar National Bank, the Gulf’s biggest lender, is expected to sell between $750 million and $1 billion in five-year bonds…
Abu Dhabi sets up Dh550m fund to help out local exporters
The Abu Dhabi Exports Office is setting up a Dh550 million fund to support the export sector, by helping out…
Gulf Insurance Group acquires stake in yallacompare for $4.25 million
yallacompare.com, one of the Middle East’s leading finance comparison site, has been funded by Kuwait’s Gulf Insurance Group (GIG) with…
Egyptian bank enters region through Kenya
Commercial International Bank, Egypt’s largest private sector lender by assets, is targeting more buyouts in East Africa after completing acquisition…
Virus may force Kuwait Finance and Bahrain’s AUB to reassess merger
One of the Middle East’s rare cross-border bank mergers may need to be reassessed after the coronavirus delayed the formation…
Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm
Mayfair Bank Limited, associated with former Nairobi gubernatorial aspirant Peter Kenneth is on the verge of acquisition following a nod…