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Indonesia 'to be more open to tourism FDI'

BY Reuters |

Indonesia will allow foreign investors to own a bigger proportion in the tourism sector in the latest revision of the "negative investment list", the chief of its investment board said on Wednesday.
Small Dubai trader says mistakenly targeted by U.S. sanctions on Iran

BY Reuters |

A Dubai-based Iranian businessman blacklisted in new U.S. sanctions over Iran's ballistic missile program said on Monday that he and his small company with just a single employee had been targeted by mistake.
Thailand approves investment applications worth $22 bln in 2015

BY Reuters |

Thailand's investment agency said it approved investment applications worth about 800 billion baht ($22 billion) last year, missing its target of 1.4 trillion baht, but up from 724.7 billion baht in 2014.
Philippines' San Miguel eyes SABmiller's Grolsch and Peroni

BY Reuters |

Philippine conglomerate San Miguel Corp said it is interested in acquiring SABMiller PLC's Grolsch and Peroni beer brands, its President Ramon Ang told Reuters.
ANA becomes Vietnam Airlines' main partner with $108 million stake purchase

BY Reuters |

Japan's ANA Holdings said it plans to buy an 8.8 percent stake in state-controlled Vietnam Airlines, becoming its main strategic partner in a deal that values the Southeast Asian carrier at about $1.2 billion.
Abu Dhabi's Aldar Properties awards $545 mln contract to Dubai's Arabtec

BY Reuters |

Abu Dhabi's Aldar Properties has awarded a 2 billion dirham ($544.5 million) contract to Dubai's Arabtec to build 1,017 luxury villas in the United Arab Emirates capital, Aldar said.
As economy crumbles, Sudan ditches Iran for Saudi patronage

BY Reuters |

When Saudi Arabia executed a leading Shi'ite cleric and protesters responded by torching the Saudi embassy in Tehran, Sudan was one of only three countries to sever ties with Iran in solidarity with Riyadh.
Omantel picks three banks for possible sukuk sale

BY Reuters |

Oman Telecommunications Co (Omantel) has picked three banks to arrange investor meetings ahead of a potential Islamic bond offering, a document from lead arrangers showed.
Saudi dairy company Almarai buys land in California to grow fodder

BY Reuters |

Saudi Arabia's Almarai Co , the largest dairy company in the Gulf, has spent $31.8 million to buy land in California to supply its business with alfalfa hay, it said.
UAE revokes licence of Al Zarooni Exchange on anti-money laundering violations

BY Reuters |

The central bank of the United Arab Emirates said it had revoked the licence of local money exchange firm Al Zarooni Exchange due to anti-money laundering compliance violations.