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DIB eyes double-digit profit growth, acquisitionsDubai Islamic Bank (DIB) said it has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the high double digits, allowing it to eye acquisitions in new markets in Asia. Leaders at the world's More… |
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Burgan Bank eyes Egypt for potential assetsKuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is not put off by the country's uncertain political situation. "We are looking at Egypt and other countries,&qu More… |
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Mena merger deal value soars to $44.8bnThe mergers & acquisitions (M&A) deal values in the Mena region grew a healthy 42 per cent in 2012 to hit $44.8 billion compared to $31.6 billion the previous year, with the UAE and Qatar leading the regional deal activity, said a report More… |
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Bank of America to increase Gulf lendingBank of America Merrill Lynch (BofA) plans to increase lending to businesses in the Middle East as oil-rich Gulf investors show more appetite for acquisitions, a senior banker at the US financial services firm said. BofA's mov More… |
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QNB picks JP Morgan for Egypt buyQatar National Bank (QNB), the state lender seeking to boost its regional presence through acquisitions, has hired JP Morgan Chase to advise on its planned buy of Societe Generale's Egyptian arm, three sources said. SocGen is in ear More… |
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Mena M&A deals plunge 40pc in Q1The 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 More… |
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Omantel fears price war, eyes acquisitionsFalling rates have boosted international calls in Oman, but these cuts could turn into a price war, the chief executive of Oman Telecommunications (Omantel) said. Fixed broadband prices fell by up to 65 per cent in two years, according to More… |
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Batelco eyes acquisitions this yearBahrain's leading telecoms operator Batelco, whose attempt to buy a stake in Zain Saudi failed last year, aims to make at least one acquisition in 2012 to offset falling domestic revenue, its chief executive told Reuters. The form More… |
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Hikma Pharma to spend $300m on expansionLondon-listed Hikma Pharmaceuticals plans to spend nearly $300 million on acquisitions and expansion initiatives in 2012 amid strong growth prospects in the Middle East and North Africa, its chief financial officer said. "In terms of acqui More… |
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Batelco eyes tower sales in Bahrain, JordanBatelco, the leading telecom service provider in Bahrain, is eyeing a sale and lease back deal for its tower assets in Bahrain and Jordan, a banking source familiar with the matter said, in a move that would raise funds for potential acquisitions. More… |
