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bahrain200

Shareholders approve three-way Bahrain bank merger

Shareholders of three Islamic banks in Bahrain have approved plans to merge them all into a single entity, a joint statement said, paving the way for a rare example of consolidation in the Gulf Arab banking sector.

July 1, 2012 5:01
 
Qatar-shows-its-muscles-to-wring-more-from-Glencore

Qatar shows its muscles to wring more from Glencore

Qatar seeking 16 pct increase in merger ratio; Sovereign fund shock move comes at 11th hour; Move shows fund's evolution as investor, bankers say

June 27, 2012 5:39
 
UAEs-Aldar-Sorouh-merger

UAE’s Aldar, Sorouh in due diligence on potential merger

Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

June 10, 2012 5:53
 
London stock exchange

Gulf stakes buttress LSE future confidence

LSE seen less likely target after Italian share sales; Dubai, Qatar owners in for long haul-analysts; Greater liquidity seen in LSE stock

May 26, 2012 9:01
 
Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 
Banks Jostle for Roles in Abu Dhabi Property Merger

Banks Jostle for Roles in Abu Dhabi Property Merger

Abu Dhabi eyeing merger of developers Aldar, Sorouh; Advisory mandate for merger seen imminent – banker; Bankers trying to build inroads with cash-rich Abu Dhabi

April 3, 2012 5:05
 
Abu Dhabi tries merger to end property mess

Abu Dhabi tries merger to end property mess

With Abu Dhabi trying a new property bailout tack with the potential Aldar-Sorouh merger, will consolidation be enough to fix the capital’s ailing property market?

March 12, 2012 3:10
 
Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.

March 12, 2012 1:40
 

Dubal CEO: no immediate bond plans open to M&A

Dubai Aluminium (Dubal) has no immediate plans to issue bonds, its chief executive officer told Reuters on Thursday.

December 22, 2011 1:34
 

Amlak deal would hit Dubai’s ENBD Tier 1, says broker

Emirates NBD, Dubai's largest bank by assets, could see its Tier 1 capital ratio fall by nearly 1.1 percentage points if it is forced to absorb embattled property lender Amlak Finance, HC Securities said on Sunday.

December 18, 2011 11:39
 
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