Merger and takeover activity is likely to continue in the coming months as (re)insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment returns, a report said.
A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
Bahrain-based Ahli United Bank (AUB) continues to seek opportunities to develop its banking franchise in the region through acquisitions and expansion of its existing network, said its chairman.
Fahad Al Rajaan told the Gulf Daily
Bahrain-based Ahli United Bank (AUB) is looking for acquisitions in its existing markets and in new ones as it tries to build a network across the Middle East, its chief executive said.
Its desire to expand across borders reflects
Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help offset falling conventional call and text income, its chief ex
Dubai 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
Kuwait-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
The 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
Bank 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.
Qatar 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