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Tag: Mergers


Salaam Said Al Shaksy appointed as CIO, OAB; Suleiman Hamad Al Harthy appointed as...

Oman Arab Bank’s (OAB) Board of Directors has announced the appointment of Salaam Said Al Shaksy, former CEO of Alizz Islamic Bank, as the...

Fiat Chrysler and Peugeot to Merge Into $46 Billion Automaker

(Bloomberg) --PSA Group and Fiat Chrysler Automobiles NV agreed to combine to create the world’s fourth-biggest carmaker, as the manufacturers prepare to shoulder the...
cybersecurity; AI;

Cybersecurity M&A is heating up worldwide

Cybersecurity consolidation is heating up worldwide. A wave of mergers and acquisitions (M&A) has also swept the Middle East market. There is a growing...
city of kuwait; msci; stock; kuwaiti

Kuwait Finance Offers to Buy Ahli United in $8.8 Billion Deal

(Bloomberg) -- Kuwait Finance House KSCP offered to buy Bahrain’s Ahli United Bank BSC in an all-share deal that’s valued at about $8.8 billion....

India’s GDP drops to more than 6-year low of 5% in April-June 2019

India’s economic growth has slowed down to a six-and-a-half year low 5% in the April-June quarter of financial year (FY) 2019-20, due to a...

Fiat Plans Merger With Renault in Latest Auto Industry Jolt

(Bloomberg) - Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle...

Gulf Takeover Binge Has Bahrain Opening Up to More Bank Mergers

Bahrain, once a Gulf finance hub, favors further consolidation among its banks, according to a top official and the head of a leading lender. The...