Islamic bank Ithmaar exploring sale of stake in Bahrain-based BBK
Bahrain's Ithmaar Holding is exploring the sale of its 25.4 percent stake in BBK BSC , which has operations in…
Mergers & Acquisitions
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Shuaa Capital acquires stake in Kuwait's Amwal
SHUAA Capital has announced thatit owns 14,491,378 shares in Kuwait-based Amwal International Investment representing circa 8% of Amwal. Furthermore Gulf…
A subdued growth
An investment banking analysis of the Middle East market in the first half of 2017, conducted by Thomson Reuters have…
UAE's First Abu Dhabi Bank posts Q2 net profit of 2.56 bln dirhams
First Abu Dhabi Bank , created by a merger of National Bank of Abu Dhabi and First Gulf Bank on…
Kuwait Finance House studying merger with Ahli United Bank
Kuwait Finance House is looking to merge with Bahrain'sAhli United Bank, Kuwait's biggest Islamic lender said in a statement on…
Cigna buys general insurer, to Expand in UAE
Cigna has announced the acquisition of general insurer, Zurich Insurance Middle East. The acquisition, which was successfully completed in…
Big-ticket mergers: GCC banks should consider more consolidations
Arab Gulf banks should consider more mergers to overcome the region’s economic challenges prompted by the drop in oil prices…
Major mergers and consolidation still elusive for Gulf banking sector
Big-ticket consolidation activity remains elusive for the Gulf banking sector despite this year’s merger of the UAE’s two biggest banks,…
Qatar’s three-way bank merger aims to be completed by year-end
Executives working on a three-way bank merger in Qatar to create the country’s second largest lender expect to finish valuing…
Three-way bank merger in Qatar aims to close by year end -sources
Executives working on a three-way bank merger in Qatar to create the country's second largest lender expect to finish valuing…
Citi Raids UBS for New M&A Head for EMEA
Citi has Announced the Appointment of Alison Harding-Jones to Head of EMEA M&A and Vice Chairman of EMEA Corporate and…
FGB-NBAD Deal To Trigger A Wave Of Consolidations In U.A.E. Banking Market
After years of M&A inactivity, the FGB-NBAD merger and a challenging macroeconomic outlook could signal a greater consolidation drive in…