Clifford Chance has advised sponsors GDF Suez, Nareva and Mitsui on the $2.6 billion, 18-year financing of a 1,386 megawatt coal-fired independent power project in Morocco.
Bird & Bird has signed a merger agreement with Sydney-based law firm Truman Hoyle, with the move helping the U.K. firm to open its first Australian office.
Qatar Holding LLC has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores.
Abu Dhabi buyout firm Gulf Capital is looking to invest in 10 to 12 companies over five years with the launch of its third private equity fund of $750 million.
Citigroup Inc is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank looks to cut persistently high costs.
|Dubai Investments plans investments in education, healthcareDubai Investments (DI), the diversified Gulf-based investment group, is in advanced talks to set up a university and a school as part of a move into the expanding education and healthcare sectors, its chief executive said on Tuesday. Full Article|
|Kuwait bourse cancels trades in Kuwait Investment Co, ZainThe Kuwait Stock Exchange cancelled all trades in the shares of Kuwait Investment Co and Zain that had taken place on Thursday before it suspended the stocks at mid-session, it said in a statement. Full Article|
|DIFC to meet investors for dollar sukuk issue; picks 4 banksDIFC Investments, the commercial operator of Dubai's financial free zone, plans to meet fixed income investors from Thursday for a potential benchmark size dollar-denominated sukuk issue, a document from the leads showed on Tuesday. Full Article|
|Oman Islamic banking hits 4.4 pct of assets, may double by 2018 Islamic banking operations in Oman have grown to account for over 4 percent of the country's total banking assets in the past two years and could double that ratio by 2018, a study by Thomson Reuters found. Full Article|
|Abu Dhabi state fund asks for more in $22 bln Malaysia banking dealAabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast Asia's fourth-largest lender... Full Article|
|Funds positive on Gulf equity markets despite oil price slideFunds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found. Full Article|
|Underground plansSaudi Arabia has awarded $22.5 billion contracts to build the Riyadh metro system. Full Article|
|Drawing a lineIndia set to halt Iran oil imports over insurance Full Article|
|MP Interview: Husam Hourani, Al Tamimi & CoAl Tamimi & Co Managing Partner Husam Hourani talks to Ranajit Dam about the highlights of his career, the challenges of running a regional firm, and how Al Tamimi & Co can hold on to... Full Article|
|Booming Gulf sukuk market brushes off Dana Gas debacleWhen United Arab Emirates-based natural gas producing company, Dana Gas, missed repaying a $920 million Islamic in November, it became the first UAE company to fail to redeem a bond on time. But the region's... Full Article|
|AEC Report: Potential, reality and the role for business 27 May 14 Vriens & Partners' crucial report - The ASEAN Economic Community - is now available. This detailed report can be purchased for just US$1,000 from the link at the top of this page. Click below for Table of Contents.|
|Islamic Finance Education: What Does It Entail? 03 Apr 14 When we talk about finance, we are really talking about the way the finance is managed at the individual, corporate or public levels. However, when we add the adjective Islamic to finance, it gives a completely different picture. Islamic finance...|
|ALB Employer of Choice 2013 17 Sep 13 Thousands of law firm employees across Asia, ranging from managing partners to support staff, were surveyed for two months and asked to rate their employers on the basis of job satisfaction, remuneration, work-life balance, career prospects, mentorship, job security and...|