Monday 25 September 2017
 
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Emirates, flydubai to work together under one unit

Over the next 18 months, Dubai's Emirates airlines and flydubai will be working together to bring the airlines under one unit, said a report. “We are minded to accelerate a greater joining of the hip, of what we do, ther

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Airbus Group to merge with its jetmaking unit

Airbus Group is likely to merge with its main planemaking unit, Airbus SAS, as part of a corporate restructuring being finalised on Thursday, people familiar with the matter said. The restructuring aims to simplify a top-heavy cor

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Dow, DuPont to merge in deal valuing firms at $130bn

US chemical giants DuPont and Dow Chemical Co have agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three.   The deal, which is likely to face

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Dow, DuPont to merge in deal valuing firms at $130bn

US chemical giants DuPont and Dow Chemical Co have agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three.   The deal, which is likely to face

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KBBO picks London for listing merged subsidiaries

UAE’s privately-owned KBBO Group has picked London for listing its merged subsidiary, two sources said on Friday as the firm pushes ahead with plans to raise over $1 billion from a share sale.   The family

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Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said. The Indian-born billionaire along with Abu Dhab

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KFH to sell, merge unprofitable assets

Islamic bank Kuwait Finance House (KFH) will shuffle its top management and work with advisors to sell, merge or restructure unprofitable subsidiaries, state news agency Kuna quoted the bank's chief executive as saying. It quoted Mohammed

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Oman's new FM station goes on air

Oman’s newest FM radio station Merge 104.8 began its official broadcast on Tuesday firing up Oman’s airwaves with its fresh, diverse new sound. Merge 104.8 already hit the headlines last month as recipients of an international Lynx de

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Gulf banks urged to merge

Gulf banks should merge in the wake of the financial crisis, first in their home markets and then across borders, Oman's central bank head and senior Gulf bankers said. Gulf central banks should begin by encouraging domestic consolidat

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Emaar holds merger talks with Dubai firm

Dubai Holding, owned by the ruler of the Gulf emirate, and leading developer Emaar Properties said they are in advanced talks to merge four local real-estate companies. A joint statement said the move would consolidate Emaar, which is buil

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