2014.1
Etisalat hires Standard Bank for Nigeria tower sale
Etisalat, the Gulf’s top telecom operator, has hired Standard Bank as an advisor for the planned sale of transmitter towers by its Nigerian affiliate, three banking sources aware of the matter said.
IILM to expand sukuk issuance to $860 mln
Malaysia-based International Islamic Liquidity Management Corp (IILM) will expand its Islamic bond programme by $370 million to $860 million next week, increasing its issuance of short-term sukuk for the first time since its launch last year.
UAE ‘sees keen interest for largest oilfields on revised terms’
Abu Dhabi has received strong interest from international firms for participating in its largest oilfields, the UAE oil minister said, as it weighs continuing previous partnerships with Western oil giants or letting big Asian buyers take stakes.
Masraf Al Rayan buys Islamic Bank of Britain
raf Al Rayan, Qatar’s largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic Bank of Britain (IBB).
Genting makes new bet on Miami with slots resort
A unit of Malaysia’s Genting Bhd, Southeast Asia’s biggest gaming group, is making a renewed play for operations in Miami, Florida, after previous plans for a $3.1 billion resort two years ago failed to pan out.
CIMB raises $1.1 bln to aid expansion
Malaysian bank CIMB Group Holdings has raised $1.1 billion through new shares to boost core capital, it said on Monday, as it takes on rivals in credit and equity markets at home and abroad.
OUE ‘to raise $272 mln in commercial trust IPO’
Singapore property firm Overseas Union Enterprise is looking to raise at least S$346 million ($272 million) through the listing of a commercial real estate investment trust in the city-state’s first major IPO this year, two sources said.
Indonesia bans mineral ore exports, all eyes on nickel impact
Indonesia, among the world’s biggest suppliers of natural resources, halted all mineral ore exports on Sunday to try to promote domestic processing, but threatening the country’s nickel and bauxite industries worth more than $2 billion in annual shipme…
San Miguel to list power unit in 2014
Philippine conglomerate San Miguel Corp will definitely list its power unit, SMC Global Power Holdings Corp, this year, its president said on Monday.
Layoffs ‘inevitable’ due to export tax: Freeport Indonesia union
U.S. miner Freeport-McMoRan Copper & Gold will be forced to lay off workers from the world’s fifth-biggest copper mine in Indonesia to offset an unexpected increase in export taxes, a union official said on Tuesday.