Middle East & Africa
Finance
One of Kuwait's leading commercial banks, Burgan Bank, announced on May 12 that it had agreed to buy the holdings of Bahrain-based United Gulf Bank in four countries across the Middle East and North Africa region. The deal, which is worth around US$727mn, involves the sale of UGB's holdings in Algeria Gulf Bank, Bank of Baghdad, Jordan Kuwait Bank and Tunis International Bank....
2008-05-12Bahrain / Finance
Yemen's Tadamon Islamic Bank (TIB) has received a licence to set up international banking operations in Bahrain. The company has created a subsidiary, Tadamon Capital Bank, which...
2008-05-07Finance
Dubai World, the state-owned investment group, has said that it will offer higher rates when it meets with banks over the coming weeks to refinance a US$5bn loan it signed last year....
2008-05-06Financing Strategies
Bahrain
Yemen's Tadamon Islamic Bank (TIB) has received a licence to set up international banking operations in Bahrain. The company has created a subsidiary, Tadamon Capital Bank, which...
2008-05-07United Arab Emirates
Kuwait's Global Investment House, an asset management and investment banking company, announced on April 22 that it will sell 355mn shares to investors. The share sale will raise...
2008-04-25Libya
The head of Libya's National Oil Corporation Shokri Ghanem has stated that Tamoil, the state's oil refining and marketing arm, is looking for strategic investors. The comments, made...
2008-04-24United Arab Emirates
The government of Abu Dhabi in the United Arab Emirates has sent a letter outlining the investment principles of its sovereign wealth funds (SWFs) to the US Treasury Department, as...
2008-03-19One of Kuwait's leading commercial banks, Burgan Bank, announced on May 12 that it had agreed to buy the holdings of Bahrain-based United Gulf Bank in four countries across the Middle...
2008-05-12South Africa
Just weeks after CFW wrote on Vodacom's (Black Economic Empowerment) BEE transaction (see 'Vodacom To Sell ZAR7.5bn In BEE Share Sale' 17 March 2008), Sasol has announced that it...
2008-03-26Ghana
Ghana's All-Share Equity Index continues to make strong gains, trading at 7,135.94 at one point on March 12 and we believe the index will soon push through its all-time high of 7,469.04...
2008-03-20United Arab Emirates
In a move that should help to boost foreign interest in the Abu Dhabi Securities Market (ADSM) the exchange has entered into a cooperation deal with the US giant NYSE Euronext. The...
2008-03-19A new US$400mn Africa Fund has been announced by Aureos Capital. The private equity company will raise the funds from its founding investors and the market, aiming to raise US$200mn...
2008-02-26
