Omani banks ink agreement for planned merger talks
Oman Arab Bank (OAB) inked a memorandum of understanding with Alizz Islamic Bank on the resumption of talks regarding a…
Mergers & Acquisitions
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Bank mergers help cut funding costs, enhance pricing power
Merger and consolidation trend among banks in the UAE and other GCC countries will help better-position financial institutions with higher…
Sabb and Alawwal approve merger to create third-largest Saudi bank
The boards of Saudi British Bank (Sabb) and Alawwal bank approved a merger agreement between the two lenders that will…
Two Omani banks announce agreement to merge
Two of Oman's banks are likely to merge in the coming months, following an agreement being signed between the two…
Sharjah’s UAB, Invest Bank deny reports of three-way merger with Bank of Sharjah
Sharjah lenders United Arab Bank (UAB) and Invest Bank have denied reports that they are currently holding talks for a…
Sharjah banks deny three-way merger talks
Abu Dhabi-listed Sharjah banks on Sunday denied reports of three-way mergers, citing them as rumours. Last week, it was…
Sharjah could be considering a three-way banking merger
The Sharjah government is weighing a merger between three of the emirate’s banks that could create a lender with about…
Aldar takes over UAE property services group Khidmah
UAE-based Aldar Properties said it has acquired the remaining 40 per cent stake in Khidmah, one of the country’s leading…
UAE- Business as usual during $204 billion BoB merger move
Gulf operations of Bank of Baroda (BoB), the only Indian lender with presence in the UAE, will get stronger following…
Abu Dhabi Financial Group offers revised bid for Abraaj's ME funds
Abu Dhabi Financial Group (ADFG) has submitted a revised bid to acquire the management rights for the Middle East funds…
Gulf’s economic conditions ripe for more bank mergers
Economic challenges faced by the region in the wake of lower oil prices lower economic growth outlook has given rise…
Swissglobal acquires Premium Insurance in continued Middle East expansion
Financial solutions provider Swissglobal today announced the acquisition of insurance provider Premium Insurance, a move that extends Swissglobal’s presence in…