A Hong Kong tribunal upheld disciplinary action against Moody's Investor Services for a report it published on Chinese companies, in a landmark decision that could curtail the services rating agencies can offer in the financial center.

Saudi Arabia's Capital Market Authority has approved an initial public offer of shares in Al Yamamah Steel Industries Co, the regulator said, after severe volatility in the stock market earlier this year disrupted listing plans.

The Dubai-based Dodsal Group has made a major natural gas discovery in Tanzania and plans to invest an additional $300 million in the country over the next 24 months to support exploration and production there, it said.

The United States is not standing in the way of foreign banks doing business with Iran, a senior U.S. official said, but his comments appeared unlikely to satisfy frustrated businessmen and Iranian officials.

Banks in the United Arab Emirates will suspend legal action against small and medium sized enterprises (SMEs) struggling to repay debt for up to three months to prevent a surge in defaults that may jeopardise the economy.

Thailand's cabinet approved a 105.3 billion baht ($2.97 billion) plan on Tuesday to build two new rail lines in Bangkok, part of a wider infrastructure push by the ruling junta as it seeks to boost a sluggish economy.

Taxi-hailing apps Grab and Uber Technologies Inc must partner with a transport business and register their cars by the end of May if they want to go on operating in Southeast Asia's largest economy, a minister said.

A Malaysian court dismissed a bid by national flag carrier Malaysia Airlines Berhad (MAB) to throw out a suit filed by relatives of three passengers who went missing on flight MH370, opening the way for other relatives to sue the airline.

Taiwan's Foxconn agreed to acquire a two-thirds stake in Japan's Sharp Corp for $3.5 billion (2.4 billion pounds), securing a big discount to its original offer after a month of wrangling over the ailing Japanese electronic maker's potential liabilities.

A laggard in embracing the 'fintech', or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals' cash deposits.