2014.2
SKKMigas appoints winners in $4 bln Jangrik gas projects
Indonesia’s state energy regulator, SKKMigas, has appointed firms for the $4.1 billion development of Jangrik and North East Jangrik offshore gas and condensate fields operated by Eni, heralding the country’s first deepwater gas project.
Singapore proposes market reforms after penny-stock scandal
Singapore has proposed a major shake up of its stock market rules following a penny-stock scandal which hit trading volumes on Southeast Asia’s largest bourse that has recently struggled to attract big share listings like its rival in Hong Kong.
Singapore to reinvent itself as Asia’s legal hub
Singapore’s ambitious plans for an international commercial court are set to expand upon its success in arbitration, helping it siphon away more legal business from rivals like London and Hong Kong.
Deutsche Bank found in ‘non-compliance’ with Dubai regulator
The regulator of Dubai’s tax-free financial centre said on Sunday that Deutsche Bank had been found to be in “material non-compliance” with orders to provide information as part of an investigation into alleged rule breaches.
TAQA ‘to sign $2 bln India power deal soon’
Abu Dhabi National Energy Co (TAQA), leading a consortium that plans to invest around $2 billion to acquire hydropower assets in India, expects to close the deal this quarter, three sources familiar with the matter told Reuters.
JP Morgan ‘cuts banking ties with Emirates NBD’
JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai’s largest bank, as part of a global review of its business, sources familiar with the matter said.
Dubai Investments Park tightens guidance on $300 mln sukuk
Dubai Investments Park, a unit of Dubai Investments, has tightened pricing guidance on its $300 million debut Islamic bond issue, which will price on Thursday, a document from lead managers said on Wednesday.
Dubai Investments Park debut bond ‘could be marker for region’
A debut bond issuance by Emirati firm Dubai Investments Park could set a marker for other sub-investment grade corporates in the Middle East, bankers said.
Zain Bahrain ‘to launch stock flotation by June end’
Zain Bahrain, the island’s No. 1 telecom operator by subscribers, will launch its long-awaited stock market flotation by the end of June, an industry source told Reuters, in what could be the kingdom’s biggest share sale since 2010.
MCB to take 55 pct stake in Burj Bank
Pakistan’s MCB Bank will take a 55 percent stake in Islamic lender Burj Bank, alongside an additional investment by the private sector arm of Jeddah-based Islamic Development Bank, according to a filing with the stock exchange.