Oman Arab Bank, a unit of Ominvest, and Alizz Islamic Bank are exploring a merger, the two banks said, joining an increasing trend among Gulf banks to consolidate.
Tag: merger
First Abu Dhabi Bank cuts jobs
Abu Dhabi: First Abu Dhabi Bank has made up to 20 job cuts in its global markets division following the merger of National Bank of Abu Dhabi and First Gulf Bank, sources told an international news agency. The merger of…
Emirates chief dismisses reports of merger talks with Etihad
Emirates president Tim Clark has dismissed reports that the rulers of the UAE are discussing a potential merger of Emirates and Etihad due to tough market conditions. German business paper Handelsblatt Global cited several sources as confirming the talks and…