In the latest sign of the consolidation hitting the U.S. legal industry, two of the United States' 100 largest law firms have drawn up plans to merge.
South Korean steel maker POSCO is considering selling part of its stake in construction unit POSCO Engineering & Construction to an unidentified Saudi Arabian fund.
PetroRabigh's founding shareholders have formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expansion of its petrochemicals complex in Saudi Arabia.
The Hong Kong government has raised $1 billion from its inaugural issuance of sukuk, attracting an order book of $4.7 billion for the five-year deal, the Hong Kong Monetary Authority has said.
Dubai's Emaar Properties will launch the IPO of its shopping malls and retailing unit on Sep. 14, and will list the subsidiary on Dubai's main stock market on Oct. 2.
|Kuveyt Turk plans to debut in Malaysia with ringgit sukukTurkish participation bank Kuveyt Turk plans to issue sukuk, or Islamic bonds, in Malaysia aiming to raise as much as 2 billion ringgit ($625.3 million), its first foray into the Southeast Asian Islamic debt capital market. Full Article|
|Mashreq sets sights on Egypt and Turkey: CEODubai's Mashreq is targeting Egypt and Turkey for acquisitions to expand beyond its crowded home market, its chief executive told Reuters as he dismissed suggestions that it could be interested in any of Standard Chartered's assets in the United Arab... Full Article|
|Oman's Renaissance 'to revive listing plans for Topaz arm'Oman's Renaissance Services has rekindled plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, four sources said on Thursday. Full Article|
|Aluminium Bahrain may look into additional listing in SaudiAluminium Bahrain (Alba) may look into an additional listing of its shares in Saudi Arabia, in what would be the latest blow to Bahrain's stock market which has suffered from low trading volumes since the financial crisis. Full Article|
|Emaar looks to raise $1.58 bln from malls unit's IPODubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008. Full Article|
|Goldman Sachs 'revises price guidance on debut sukuk; books at $1.4 bln'Goldman Sachs will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday. 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...|