According to sources, Bank Al Khair is expected to merge with commercial bank, Khaleeji Commercial Bank.
Deals
Royalty Pharma Urges NY Federal Court to Proceed With Elan Bid
Royalty Pharma urged the federal court in New York to lift the temporary restraining order it has ordered for the Royalty-Elan bid.
Britain Announces Early Public Sale of Lloyds
British finance minister George Osborne announces an early public sale of their shares in Lloyds Banking Group.
Marubeni Leaves Energy Arm In Gavilon’s Deal
Japan’s Marubeni said that it will leave Gavilon’s energy arm from the proposed takeover deal. (Photo : REUTERS)Logo of Marubeni Corp is seen at the company's head office in Tokyo Marubeni Corp, a Japanese trading house states that it will cut its planned takeover deal over Gavilon's energy business.
Google To Acquire Waze for US$1.3 Billion
On Sunday, Google was reported to be in close discussion to acquire Waze for US$1.3 billion. (Photo : REUTERS)The Google logo is seen on a computer monitor at Google's Hong Kong office According to reports on Sunday, Google is close to purchasing Waze for US$1.
Latest News
Fiat SpA can technically head off the Chrysler IPO through a buyout according to its CEO Sergio Marchionne.
Mediaquest acquires AME Info and SME Info with many buyout provisions affecting current operations and staff complement.
Chrysler Jeep is looking for a Chinese partner for the manufacture of the vehicle in China. (Photo : Reuters)The image is the emblem of Chrysler Jeep. Fiat, the Italian carmaker is looking towards China for a partner to assist in the manufacture of the Chrysler Jeep brand in the largest car market in the world.
Berkshire Hathaway expressed interest in purchasing assets owned by Unipol. (Photo : Reuters)Berkshire Hathaway's fourth-quarter profit plunged sharply in part on an underwriting loss in its reinsurance business related to life insurance.
Dillon, the owner of Chateau Haut-Brion acquires nearby Chateau L'Arrosee. (Photo : Reuters)The image is the standard wine tasting done during a wine auction.
ICA, the largest infrastructure firm in Mexico, is set to sell of part of its shareholdings in OMA to raise funds.
Japan's public pension would undergo changes as the government seeks to buy more equities. Japan's public pension fund stated that it will reduce its holding of local bonds and buy more shares.
US Bankruptcy Court Judge, Christopher Sontchi granted planned acquisition deal without legal challenge between Micron Technologies Inc. and Elpida Memory Inc.
EMC Corp. has followed Apple's measure of leveraging piled of offshore cash by issuing a debt against it.
