Sunday 13 July 2014

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


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


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


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


Nakheel, DMCC property wing merge

The property wing of Dubai government-owned Dubai Multi Commodities Centre (DMCC) has been merged with Nakheel, the state-owned developer of Dubai's palm-tree shaped islands, a newspaper has said. 'DMCC's property-related


Qatar orders navigation, shipping firms merger

Qatar Navigation Company and Qatar Shipping Company have been ordered by the government to merge, the Doha bourse said in a statement on its website on Monday. 'In order to inspire growth in investment and increase profitability for be


Kenwood, JVC to form holding firm

Japanese mid-sized electronics makers JVC and Kenwood Corporation have agreed to integrate their businesses under a holding company in October, sources close to the matter said. Kenwood and asset manager Sparx Group acquired a combined 30

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