Gulf

UAE: Global Chip Makers Evaluate Building Plants In The Gulf News ad

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UAE: Global Chip Makers Evaluate Building Plants In The Gulf News ad

Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see the semiconductor behemoths establish plants in the swashbuckling Persian Gulf state reportedly worth more than $100 billion. First reported last month, the development comes amid a determined push by the UAE to establish itself as … Read more

Kuwait: Boubyan, Gulf In Merger Talks News ad

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Kuwait: Boubyan, Gulf In Merger Talks News ad

Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may lead to a merger. If the merger goes ahead, it will create an Islamic bank with assets of around $53 billion and about a 15% market share measured by consolidated assets, Fitch Ratings said in … Read more