Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Audi Odeabank’s loss-making Turkish subsidiary as the United Arab Emirates deepens economic ties with Turkey. The deal, pending regulatory approval from the Banking Regulation and Supervision Authority and Turkey’s Competition Authority, demonstrates ADQ’s growing presence in banking markets. Lebanese Bank Audi … Read more
Despite security threats and political unrest, tiny Togo is attracting huge interest from foreign investors. A small West African country that is one of the world’s largest phosphate producers, Togo has a resurgent economy and prospects for further development. Its industrial sector is reviving after a long period of stagnation, new investors are coming, and … Read more
The Japanese giant is banking its growth plans on acquiring US Steel, but political opposition is derailing the effort. What happens if the deal doesn’t go through? When Nippon Steel Corp. announced its agreement to buy respected United States Steel for $14.9 billion, the most attractive aspect of the deal was not the negative reaction … Read more