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Sweden's IKEA loses right to use its own name in Indonesia

BY Reuters |

Swedish furniture giant IKEA has lost the right to use its own brand name in Indonesia after a legal battle with a local company that claimed the trademark, court documents showed.
Facebook's India stumble could embolden other regulators

BY Reuters |

India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users.
Banker in 1MDB-linked Singapore case withdraws request to unfreeze accounts

BY Reuters |

A banker at Swiss wealth manager BSI's Singapore unit withdrew a court application to release his bank accounts that were frozen as part of the city-state's probe against possible money laundering linked to 1Malaysia Development Berhad (1MDB).
Freeport asks Indonesia to cut or postpone $530 mln smelter bond

BY Reuters |

Freeport McMoRan Inc has asked Indonesia to reduce a $530 million smelter bond the local unit of the U.S. copper mining giant must set aside before receiving an extension of its export permit, Indonesia's mining minister.
Singapore seizes bank accounts as part of 1MDB probe

BY Reuters |

Singapore has seized a large number of bank accounts in recent months as part of an investigation into possible money-laundering linked to Malaysian state investment fund 1Malaysia Development Berhad (1MDB), authorities said.
Dubai opens consultancy tender for $27 billion green fund

BY Reuters |

Dubai's Electricity and Water Authority (DEWA) said it was calling on consulting firms to tender for advisory and regulatory development services for the emirate's planned 100 billion dirham ($27 billion) clean energy fund.
Ambitious Saudi reforms may not avert looming economic slump

BY Reuters |

At a three-day conference in Riyadh, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil prices, by developing new industries and giving opportunities to the private sector.
Bahrain working with banks to tap existing $1.5 bln bond

BY Reuters |

Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with knowledge of the deal told Reuters.
Mideast funds anticipate rebuilding equities positions

BY Reuters |

Many Middle East fund managers expect to start rebuilding their regional equities holdings in the next few months and have become less bearish towards bonds, a monthly Reuters survey shows.
Simmons latest firm to exit Abu Dhabi

BY Karuna Jainpalli, Reuters |

Simmons & Simmons has closed its office in Abu Dhabi and has decided to “consolidate its offering in the UAE.” The firm will advise clients in the Middle East through its Dubai office, its biggest in the region.