Gulf Times - merger
Masraf Al Rayan, Barwa Bank, IBQ call off merger plan

Masraf Al Rayan, Barwa Bank, IBQ call off merger plan

The three banks said they "could not reach an agreement to complete the transaction".

UK supermarket giants Sainsbury's, Asda agree merger

UK supermarket giants Sainsbury's, Asda agree merger

Britain's second and third biggest supermarket chains Sainsbury's and Walmart-owned rival Asda have agreed to merge, the pair said Monday, creating a retail king that would leapfrog current leader Tesco.

Novartis to buy US gene therapy group AveXis for $8.7 bn

Novartis to buy US gene therapy group AveXis for $8.7 bn

Novartis is moving further into gene therapy with a $8.7 billion deal for AveXis that gives the Swiss drugmaker a rare-disease treatment seen reaping billions in sales and bolsters its technology base.

Nepal's former rebels agree to unite with ruling party

Nepal's former rebels agree to unite with ruling party

Leaders of the two Nepalese communist parties that formed an electoral alliance and won the largest number of seats in parliamentary polls last year have agreed to merge their parties, a spokesman said on Tuesday.

Qatargas-RasGas merger creates state-owned global gas giant

Qatargas-RasGas merger creates state-owned global gas giant

The merger of Qatargas and RasGas will save the country QR2bn in operating costs annually, Qatar Petroleum president and CEO, Saad Sherida al-Kaabi said. The new entity, which is called Qatargas, started operations on January 1.

Disney to buy 21st Century Fox assets for $52.4 bn

Disney to buy 21st Century Fox assets for $52.4 bn

By purchasing Rupert Murdoch's 21st Century Fox empire, Disney will become the single largest shareholder in Sky -- the pan-European satellite television broadcaster of live English Premier League football.

Apple to buy song recognition app Shazam

Apple to buy song recognition app Shazam

Apple said Monday that it would buy leading song recognition app Shazam in a fresh bid to secure an edge in the intensifying battle of streaming services.

Lutfhansa plans 1-bn-euro spending spree on planes

Lutfhansa plans 1-bn-euro spending spree on planes

Germany's largest airline Lufthansa said Tuesday it would push ‘rapid growth’ at low-cost subsidiary Eurowings by spending 1.0 billion euros ($1.2 billion) on acquiring more planes ...

France's Total to buy Maersk Oil for $7.45 billion

France's Total to buy Maersk Oil for $7.45 billion

French oil giant Total said Monday that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).

EU fines Facebook 110 mn euros over 'misleading' info in WhatsApp takeover

EU fines Facebook 110 mn euros over 'misleading' info in WhatsApp takeover

The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp.

Vodafone India and Idea Cellular announce merger

Vodafone India and Idea Cellular announce merger

British mobile phone giant Vodafone's Indian unit will merge with Idea Cellular to create India's largest telecoms operator, the firms said on Monday, as they combine to fight the rise of Reliance Jio.

Merkel 'positive' about Peugeot's Opel takeover

Merkel 'positive' about Peugeot's Opel takeover

Chancellor Angela Merkel backs carmaker PSA's planned acquisition of General Motors subsidiary Opel, her spokesman said Wednesday, after talks between the German leader and the French group's boss.