2014.2
DLA promotes, relocates Mideast projects head
DLA Piper has moved partner Trevor Butcher from London to Dubai and named him its new head of finance and projects in the Middle East.
Drew gets new construction head
Drew & Napier has welcomed back construction and engineering specialist Lee Chau Ee as its new head of construction and engineering.
SE Asia Deals: SBI issues shares worth $1.3 bln
Also, Chandler and Thong-Ek, DFDL, Latham and A&O star in the establishment and development of the Lao-Thailand Hydropower Project, Majmudar & Partners guides the Bank of Baroda on its $25 million loan grant to Gujarat NRE Coking Coal, and much…
UAE judicial system controlled by executive: U.N. expert
The judicial system of the United Arab Emirates is “under the de facto control of the executive branch of the government,” a U.N. envoy said on Wednesday, expressing concern about reports of prosecutors being influenced by state security services.
TAQA ‘picks banks for potential bond issue’
Abu Dhabi National Energy Co (TAQA) has appointed five banks to arrange a potential international bond offering that is expected to launch in the first quarter of this year, sources said on Thursday.
Qatar to spend up to $205 bln on infrastructure
Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018, the acting head of project finance at the state’s largest lender said on Tuesday, as the country invests its vast hydrocarbon wealth in a development boom.
Bahrain aims for new business with takaful, sukuk rules
Bahrain’s central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer.
RHB gets regulatory nod for $1.5 bln bond
Malaysia’s RHB Capital Berhad has regulatory approval from the country’s Securities Commission for a multicurrency, medium-term note issue worth five billion ringgit ($1.5 billion), the company said on Wednesday.
Thai state power firm may delay $515 mln infra fund
State-owned Electricity Generating Authority of Thailand (EGAT) said on Monday its plan to raise at least 17 billion baht ($515 million) by listing an infrastructure fund could face delays due to the country’s ongoing political unrest.
XL Axiata to tap shareholders, banks for Axis deal
Indonesia’s PT XL Axiata said on Wednesday it will fund its planned $865 million acquisition of mobile phone operator PT Axis Telekom Indonesia with loans from shareholders and financial institutions.