OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.

The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.

Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.

Palm Hills, the Egyptian developer wracked with intrigue and controversy from the Mubarak regime, had obtained approval from regulators as to its new share issue.

Powa Technologies receives funding for expansion after PM Cameron endorsed investor infuses money for the firm.

The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.

Suntech Power, the solar energy corporation, announced a plan to convert debt to equity as well as inclusion of a new strategic partner.

WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd. WPP Plc, the advertising firm, announced it had acquired a minority stake in Candyspace Media Ltd, a multi-platform agency based in the United Kingdom.

Istithmar World announced the appointment of Ziad Makkawi as its new CEO. The state owned conglomerate of the United Arab Emirates, Dubai World, announced the completion of a USD 25 billion debt restructuring in 2011.

With the pending completion of the third largest deal in history, the CEOs of Verizona and Vodafone are near the goal that had eluded their predecessors.

The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.

The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.

The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.

Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.

The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.

President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.

After a three year prohibition on share trading, Warba Bank shares are now available for trading in the stock market.

The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.

Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.

Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.

The secondary market for earlier smartphone models is growing at an exponential rate. In an announcement last Friday, Apple Inc had launched a trade-in program in its US retail stores for earlier models of its iconic iPhone.

Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.

To better achieve business goals for their partners, the InfoTrust Group utilizes the goodwill and leverage the Flatirons Solutions name provides.

Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.

An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.

propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.

Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.

James Boyne, erstwhile Calamos Investments President and COO resigns to pursue non-profit work. In an announcement last Thursday, Calamos investments announced that the firm's President and COO would be leaving the company by September 30.

The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.

Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.