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Bahrain bourse sets margin trading, market-maker rules
BY Reuters |
12 Jun 14
The Bahrain Bourse has approved regulations allowing margin trading and set up a framework for market makers in an effort to boost liquidity, it said on Tuesday.
Singapore charges firm implicated in North Korea arm shipment
BY Reuters |
12 Jun 14
Singapore said on Tuesday it has filed criminal charges against a company implicated in an illegal shipment of arms seized near the Panama Canal last year on a North Korean container ship.
Etihad 'to invest up to 1.25 bln euros in Alitalia'
BY Reuters |
12 Jun 14
Abu Dhabi-based Etihad Airways is prepared to invest up to 1.25 billion euros ($1.7 billion) in Alitalia over the next four years under a possible tie-up between the two carriers, Italian Transport Minister Maurizio Lupi said on Wednesday.
Emaar Malls attracts strong demand for debut sukuk
BY Reuters |
12 Jun 14
Emaar Malls Group, a division of Dubai's Emaar Properties, raised $750 million on Wednesday via a debut Islamic bond issue and was able to drive down the cost of the deal due to strong investor demand.
Japan Tobacco to buy UK e-cigarette brand E-Lites
BY Reuters |
12 Jun 14
Japan Tobacco Inc has agreed to buy the maker of E-Lites, a leading brand of e-cigarettes in Britain, giving it entry into the fast-growing market for tobacco alternatives.
Cukurova 'nears Turkcell financing deal with Turkish partner'
BY Reuters |
11 Jun 14
Turkey's Cukurova Holding is close to securing financing from a local partner to recover a disputed stake in the country's biggest mobile phone operator Turkcell, three sources close to the matter said on Tuesday.
SingTel to buy digital advertisers for $359 mln
BY Reuters |
11 Jun 14
Singapore Telecommunications Ltd said on Wednesday it plans to buy two U.S.-based advertising companies for a total of $359 million to strengthen its digital marketing profile.
Bank Muscat considers sale of brokerage unit
BY Reuters |
10 Jun 14
Bank Muscat, the sultanate's largest lender, is considering a sale of its brokerage unit as one of several "strategic options" for the business, the bank said in a bourse filing on Monday.
Australia court clears $35m settlement of air cargo class action
BY Reuters |
09 Jun 14
A A$38 million ($35 million) settlement of an Australian class action suit against an air cargo cartel won court approval on Friday, said the law firm representing the buyers of international air freight services, who brought the suit.
Region's biggest bond sale in 2014 set for pricing record
BY Reuters |
09 Jun 14
An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region's largest deal so far this year, but also set a record for tight pricing as the Gulf becomes more of a mainstream investment destination.
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