2014.3
Malakoff ‘to defer $1 bln Malaysian IPO to 2015’
Malaysian builder MMC Corp Bhd is expected to defer the $1 billion listing of its power unit Malakoff Bhd to 2015 as the latter waits for one of its power plants to become fully operational, IFR reported on Wednesday, citing sources with knowledge of t…
Mobily in $560 mln deal to buy gear from Ericsson, NSN
Saudi Arabia’s Mobily has signed export credit agency agreements worth 2.1 billion riyals ($560 million) to buy equipment from Nokia Siemens Networks and Ericsson, the telecom operator said in a bourse filing.
Tiger Airways ‘could pull out of Indonesia’
Singapore’s Tiger Airways Holdings Ltd may be forced out of Indonesia, Southeast Asia’s biggest domestic airline market, as its unprofitable joint venture is squeezed out of routes dominated by big-spending local carriers.
Saudi Arabia to sell 15 pct of National Commercial Bank in IPO
Saudi Arabia’s government plans to sell a 15 percent stake in National Commercial Bank (NCB), the country’s largest lender by assets, in an initial public offer that would be the kingdom’s first bank IPO since 2008.
Al Salam Bank launches Asian Islamic REIT
Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday.
Bahrain to see further bank mergers this year
Bahrain’s central bank governor said on Tuesday he expected further bank consolidation this year after a spree of tie-ups in 2013, and the regulator was encouraging Islamic banks in the kingdom to get credit ratings to improve transparency.
Gulf’s rift over Qatar may slow investment, reforms
A diplomatic split between Qatar and its wealthy Gulf neighbours may disrupt billions of dollars of investment in the region and slow efforts to make economies more efficient through trade and transport reforms.
‘Mubadala to focus more on U.S., European markets’
Abu Dhabi investment fund Mubadala Development Co plans to focus more on U.S. and European markets this year as those economies slowly recover, its deputy CEO said on Tuesday.
Norton Rose Fulbright moves disputes partner to Dubai
Norton Rose Fulbright has moved Charlotte Bijlani, its London head of real estate disputes, to its office in Dubai. The move is effective from April 2014.
Reed Smith gets corp partner from NBAD
Reed Smith has hired Maher Al Mannaee as a partner in its corporate practice in Abu Dhabi. Al Mannaee previously worked at the National Bank of Abu Dhabi (NBAD) as legal counsel, and was with Standard Chartered Bank in both Singapore and Dubai before t…