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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.
Oman sovereign fund, others plan $260 mln mining venture

BY Reuters |

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said.
India's energy muscle helps Petronet get better Qatar gas deal

BY Reuters |

India's biggest gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar's Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year.
Saudi Prince Alwaleed cancels plans to consider investments in Iran

BY Reuters |

Billionaire Saudi Arabian Prince Alwaleed bin Talal said he had cancelled the consideration of all projects and investments in Iran, according to his twitter account, amid a diplomatic row between Saudi Arabia and the Islamic Republic.
Malaysia scrubs out half its sovereign fund stain

BY Reuters |

The world’s most troubled sovereign fund is scrubbing itself clean. 1Malaysia Development Berhad has been at the centre of allegations of graft which have sparked investigations from Hong Kong to the United States.
Greece, Arab-Turkish fund sign 400 mln euro deal on luxury resort

BY Reuters |

Greece's privatisation agency said it signed a 400 million euro ($434.3 million) deal with Jermyn Street Real Estate Fund to sell Astir Palace, a luxury seaside resort outside Athens.
Etihad launches appeal to German court over Air Berlin code-share ruling

BY Reuters |

Etihad Airways has filed an appeal against a German court's decision that revoked its rights to jointly sell tickets for 29 routes operated by Air Berlin, the Abu Dhabi-based airline said.
Indonesia suffers setback in fight against haze after suit rejected

BY Reuters |

Indonesia's efforts to penalize the companies allegedly responsible for its annual forest fires suffered a setback after a judge rejected a $565 million lawsuit against a pulp and paper firm.
Canada's Manulife seeks to revive Singapore REIT IPO this year

BY Reuters |

Canada's Manulife Financial Corp is looking to revive a plan to list a real estate investment trust in Singapore this year after an initial public offering (IPO) was shelved last year due to poor market conditions.
After record year for M&As, privatisation to sustain Vietnam's deals blitz

BY Reuters |

Foreign firms are set to capitalise on Vietnam's privatisation drive and buy into assets such as Vinamilk and Mobifone to gain exposure to its fast-growing economy this year, boosting M&A deals that already hit a record $4 billion in 2015.