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 judge approves liquidation of local Espirito Santo unitA judge in the Dubai International Financial Centre (DIFC) court approved on Sunday an application to liquidate ES Bankers (Dubai) Ltd (ESBD), the latest collapse of a unit of the Portuguese Espirito Santo family's empire. Full Article|
|Saudi-Kuwait oilfield shutdown may force Asian buyers to spot market-tradeA production halt at an oilfield run jointly by Saudi Arabia and Kuwait is expected to curb crude supply to Asian buyers - mainly Japanese and South Korean refiners - likely forcing them to turn to the Middle East spot... Full Article|
|Morocco's BMCE prepares to launch Islamic unit as Gulf ties growMorocco's BMCE Bank is preparing to launch an Islamic subsidiary as a joint venture with a major Islamic financial institution from the Middle East, the bank's managing director said. Full Article|
|Oman Oil in talks with Oxy to buy its local assets - CEOOman Oil Co is in talks with Occidental Petroleum Corp to buy its assets in the Gulf Arab sultanate but is still waiting to know the specifics of the potential sale from the U.S. company, the Omani firm's chief executive... Full Article|
|Saudi's NCB pledges conversion to Islamic bank after pressure from scholarsSaudi Arabia's biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years.Saudi's NCB pledges conversion to Islamic bank after pressure from scholars... Full Article|
|Abu Dhabi's Waha Capital gets regulatory nod for share buybackAbu Dhabi-listed investment firm Waha Capital has secured regulatory approval to buy back up to 10 percent of its outstanding shares, the company said in a bourse filing on Tuesday without disclosing the price it would offer. 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...|