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Tag: Mergers

OAB CIO

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...
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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...
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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...
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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....
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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...
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Fiat

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...
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bahrain

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...
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