UAE Banking Space Too Crowded, Mergers Needed
The UAE’s banking sector is too crowded, with too many lenders competing to cater to a relatively small population, a…
Mergers & Acquisitions
1364 articles found
Dubai bank to up stake in Panin Syariah
Dubai Islamic Bank, the oldest sharia lender in the world, has officially submitted a request to Indonesia’s Financial Services Authority…
Turkey's Ziraat says ends acquisition talks with Bank Asya
Turkish state-run Ziraat Bank scrapped talks to acquire Bank Asya on Thursday, deepening concerns over the Islamic lender's future and…
Pakistan's NBP eyes stake in Gulf-backed Burj Bank
National Bank of Pakistan (NBP), the country's largest state-owned bank, plans to conduct due diligence on Islamic lender Burj Bank…
BankDhofar awaits response from Bank Sohar on merger
BankDhofar Tuesday said it is waiting for a response on the proposed swap ratio from Bank Sohar to proceed with…
Bahrain's Investcorp says it has sold US media company
Bahrain-based alternative investment fund Investcorp said on Sunday that it has completed the sale of New York-based business-to-business media company…
Turkey’s Babacan Says Gov Wants Ziraat to Purchase Bank Asya
Ali Babacan, deputy Turkish Prime Minister, said the government would support state bank TC Ziraat Bankasi AS buying Asya Katilim…
Gülenist Bank Claimed To Be Involved In 'Insider Trading'
Bank Asya, which is known for its close ties to the Gülen Movement whose followers have engaged in a campaign…
BTG Teams Up With Abu Dhabi Fund for Ariel Re Acquisition
Grupo BTG Pactual, Brazil’s only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand…
UAE's RAK Bank says in talks to acquire RAK National Insurance
UAE-based National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a…
Bourse Company to offer model for privatisation in Kuwait – Chairman
Convening the Kuwait Bourse Company Constituent General Assembly on Sunday goes on line with the orientation of the Kuwait Capital…
Mohammed Al Fardan Group Announces Joint Venture with Sustainable Wealth and Asia Plantation Capital in Bahrain
Mohammed Al Fardan, Chairman of the Al Fardan Group in Bahrain has announced a major joint venture with Sustainable Wealth…