Sunday 28 December 2014
 
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Mena M&A deals plunge 40pc in Q1

The mergers & acquisitions (M&A) deals announced in the Mena region dropped by 40 per cent in value to $8.5 billion during the first quarter of 2012 from $14.1 billion last year, said a report. The volume of announced M&A deals

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Islamic banks 'need mergers to fill in gap'

Small and medium-sized Islamic banks may need to merge if they want to become bigger regional players capable of filling the funding hole left by shrinking Western banks, the head of Islamic finance at Deutsche Bank, told Reuters. 'Th

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RBS to sell Mideast M&A business

Royal Bank of Scotland plans to sell its mergers and acquisitions business in the Middle East and cut several jobs as part of a global restructuring at the UK lender, its regional head said on Monday. Simon Penney, RBS' chief executive

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Credit Suisse names new M&A head of Mena

Credit Suisse has named Mumtaz Kazmi as head of its mergers and acquisitions operations in the Mena region, a document showed. Kazmi has been with the bank since 2001 and advised on several deals including Qatar's purchase of a stake in Po

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Mergers a wake-up call to UAE exchanges

A wave of mega-mergers between the world's major stock exchanges might persuade policymakers in the United Arab Emirates to push ahead with consolidation of the UAE's fragmented bourses, where volumes have slumped since the financial crisi

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Bahrain cbank sees investment sector mergers

The Central Bank of Bahrain (CBB) expects the country's investment houses to consolidate and raise more capital after being hit hard by a regional real estate crash, a bank official said on Tuesday. Bahrain's investment houses reli

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More airline mergers a must, says Iata chief

Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body Iata said on Monday. "Mergers and co

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Spain launches $138bn bank fund

Spain has approved a 99 billion euro ($137.9bn) bank restructuring fund to spur mergers and prevent solvency problems at smaller banks damaging confidence in large, publicly-traded institutions. Faced with spiralling bad debts after the co

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Mena merger deals plunge 66pc in Q1

Mergers and acquisitions (M&A) deals in the in the Middle East and North Africa (Mena) region went down by 66 per cent in the first quarter of this year compared to the same period last year. This was revealed in Ernst & Young'

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NBAD chief says UAE bank mergers on hold

Mergers among leading UAE banks are on hold due to the economic turmoil despite the need to consolidate to face mounting foreign competition, the head of National Bank of Abu Dhabi said. Chief executive Michael Tomalin told Reuters in an i

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