Hewlett-Packard Co has sold its 40 percent stake in UAE-based Injazat Data Systems for an undisclosed amount to its investment partner, Abu Dhabi state-owned fund Mubadala.
Israel's Reduxio Systems, a developer of computer storage technology, has raised $15 million in a funding round led by Seagate Technology Plc.
The National Bank of Oman has raised $500 million in a debut bond issue, with significant demand from investors allowing the lender to price the transaction at a cheaper rate...
United Arab Emirates energy firm Dana Gas has been awarded exploration deals for two onshore gas blocks in Egypt.
Safi Energy Company has secured $2.6 billion in financing to build a 1,386 MW coal-fired power plant in southern Morocco, state news agency MAP reported.
|Qatar to buy $616 mln stake in HK department store operatorSovereign wealth fund 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 in Hong Kong and mainland China, Lifestyle said on Monday. Full Article|
|Gulf Capital $750 mln fund to invest in 10 to 12 firmsAbu Dhabi-based 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, its chief executive said on Sunday. Full Article|
|Citi pulls out of consumer banking in 11 countries, profit jumpsCitigroup Inc said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. Full Article|
|CC stars in $2.6 bln financing of Moroccan power station 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. Full Article|
|Gulfstream launches 2 new jets, signs deals with Flexjet, Qatar AirwaysGulfstream Aerospace Corp, a unit of General Dynamics Corp, has launched two new business jets, the G500 and G600, and signed agreements for orders of up to 70 aircraft from Flexjet LLC and Qatar Airways. Full Article|
|Asia Appointments: Bird & Bird adds employment partner in Shanghai Also, AnJie hires three partners for new Shanghai office, CMS recruits new Middle East legal director, Sheppard Mullin and White & Case, Bakers appoint new partners in Asia, and much more in our weekly Asia appointments spotlight. 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...|