KAMCO completes merger with Global Investment House
KAMCO Investment Company has completed its merger with Global Investment House. The Kuwaiti non-banking financial powerhouse has concluded a…
Mergers & Acquisitions
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INTERVIEW: Rolls-Royce and the Middle East: A love story
At a recent “swing through” the Middle East, Torsten Muller-Otvos, the chief executive of luxury car maker Rolls-Royce, was asked…
Merger momentum for Islamic banks to continue in 2020
Mergers and acquisitions (M&A) in Islamic banks in the GCC are expected to continue in 2020 as Sharia-compliant lenders look…
Egypt’s top lender seeks approval to buy Mayfair Bank
Egypt’s largest private lender is planning to buy a controlling stake in Kenya’s Tier III Mayfair Bank in a transaction…
Kuwait's Boubyan says in talks to buy UK-based Islamic lender
Kuwait-based Boubyan Bank has announced it is in advanced talks to buy UK-based Islamic lender Bank of London and the…
DAMAC Chairman's private investment firm acquires Italian fashion brand icon Roberto Cavalli
Chairman of Dubai based DAMAC Properties, Hussain Sajwani had bought the Italian fashion group Roberto Cavalli SpA. The acquisition…
UAE's largest Shariah-compliant bank is about to get bigger: Dubai Islamic board to meet Nov 25 re Noor Bank acquisition
The board of Dubai Islamic Bank will meet on November 25 to discuss the acquisition of Noor Bank, it said…
Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds
Saudi mall operator Arabian Centres is set to raise $500 million with a debut issuance of international Islamic bonds, or…
InCred Capital acquires L&T Capital Dubai, to foray into global wealth management business
Mumbai-based InCred Capital, a non-banking financial company on Monday said that it has acquired the Dubai arm of L&T Capital’s…
Dubai's Shuaa Capital says plan to sell market-making unit fails
Dubai-based Shuaa Capital has announced that plans to sell its market-making business, Shuaa Capital International, has hit an obstacle. …
L&T Cap likely to sell Dubai Wealth business
L&T Capital is likely to sell its Dubai wealth management business to Mumbai-based non-banking finance company InCred Capital as it…
Egypt's New Wealth Fund Eyes Stake in Siemens-Built Power Plants
Egypt’s new sovereign wealth fund plans to acquire a stake of about 30% in power plants co-built by Siemens AG…