The plan to build a financial district from scratch was viewed by Saudi Arabia's neighbors as among the glossiest excesses of the kingdom's oil boom profligacy: a white elephant in the making, unlikely to attract tenants and possibly never even to be completed.

More than 40 individual lawyers took the time to respond to a request for comments from a working group of the American Bar Association’s Commission on the Future of Legal Services, which is contemplating whether the ABA should relax its longtime opposition to non-lawyers investing in law firms.

India announced a new intellectual property policy, speeding up the online registration of patents and trademarks, but resisted pressure from the United States and other Western countries to amend its patent laws.

India's upper house of parliament passed a new bankruptcy code, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion in troubled loans.

Abu Dhabi National Energy Company (Taqa) is the latest entity from the region considering an international bond, according to several sources.

The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards for Islamic finance in the country, aiming to boost growth of the industry.

The Saudi Stock Exchange has selected HSBC Saudi Arabia to advise on its own planned flotation scheduled for 2018, the exchange, known as Tadawul, said in a statement.

When Saudi Arabia's King Salman replaced his oil minister and reshuffled his cabinet on Saturday, he did so with the goal of executing an audacious plan to transform the country’s economy.

JPMorgan Chase & Co (JPM.N) has become the first global investment bank to fall foul of Hong Kong's stricter IPO sponsorship rules, dealing a blow to its reputation in the region.

Japan's Takata Corp said it was considering a drastic review of its inflator division and the sale of non-core businesses - its first restructuring steps since becoming embroiled in a global recall crisis over potentially deadly airbags.