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Dubai's Meydan gets $476 mln in bank financing for projects

BY Reuters |

Dubai's Meydan Group has signed a deal to obtain $476 million of financing from Qatar National Bank (QNB) and QNB's United Arab Emirates affiliate Commercial Bank International, Meydan said.
Kuwait Airways seen facing last chance to find its wings

BY Reuters |

Kuwait Airways' overhaul may be management's last chance to save it, as the slump in oil prices means the government cannot go on funding its losses at a time when it is struggling even to pay public sector salaries, industry experts say.
UAE's Arabtec says to build $300 mln tower project in Dubai

BY Reuters |

Arabtec Holding, the Dubai-listed construction company, said it had been awarded a contract to build a 1.1 billion dirham ($300 million) twin-towers project in central Dubai.
Tower firms eye Zain's assets in Kuwait, Saudi

BY Reuters |

Kuwaiti telecoms group Zain is narrowing the field of potential bidders for its mobile transmitter towers in Kuwait and Saudi Arabia, sources familiar with the matter told Reuters.
Philippine frontrunner favors easing foreign ownership in media, utilities

BY Reuters |

Grace Poe, frontrunner in the Philippines' presidential election campaign, said on Wednesday she favored relaxing restrictions on foreign ownership in utilities and media as part of changes she would introduce in the constitution.
Government rolls back pension tax plan after backlash

BY Reuters |

Prime Minister Narendra Modi's government dropped a controversial proposal to tax pension withdrawals, caving in after an outcry by salaried workers threatened to undermine his party's prospects in upcoming state elections.
Myanmar grants operating licenses to four more Asian banks

BY Reuters |

Myanmar has granted operating licenses to four Asian banks, bringing to 13 the number of foreign banks allowed to conduct business in the previously isolated country.
Vietnam's Communists put to the test as dissidents bid for parliament

BY Reuters |

Former IT entrepreneur and banker Nguyen Quang A is running a disciplined campaign to be elected to Vietnam's parliament, declaring his assets, securing voter endorsements and appearing in a slick online video.
UAE payments firm in talks with Iranian banks

BY Reuters |

Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran's largest banks this year, the company's chief executive told Reuters.
Philippines signs new GMO rules, food industry relieved

BY Reuters |

The Philippines has approved a new set of rules on genetically modified organisms after a top court demanded an overhaul of previous regulations, providing relief to farmers and importers worried that any delay would spark a food crisis.