U.S. private equity firms Warburg Pincus and General Atlantic have bought a 49 percent stake in United Arab Emirates-based payments processor Network International from The Abraaj Group, the companies announced in a statement.

Perion Network has bought digital advertising firm Undertone for $180 million in cash as it continues to expand in providing advertising to brands and publishers, it said.

United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, said the British High Court had ordered the Kurdish regional government to pay Dana's consortium $100 million (66 million pounds) within 14 days.

Saudi Arabia's justice ministry plans to sue a Twitter user who compared the death sentence handed down to a Palestinian poet to the punishments meted out by Islamic State, a major government-aligned newspaper reported.

Gulf banks are rushing to raise money via the loan market by the end of the year in a flurry of activity attributed to a liquidity squeeze caused by lower oil prices, banking sources aware of the matter said.

Saudi Arabia's Alandalus Property Co will launch an initial public offering (IPO) in mid-December, the market regulator said in a statement, the first flotation since the kingdom allowed direct foreign share ownership.

A parliamentary ethics probe into a meeting between the speaker of Indonesia's house of representatives and officials from mining giant Freeport McMoRan should not delay the company's divestment plans for its Indonesian unit, a mining ministry official said.

The Singapore Exchange (SGX) is reviewing compliance along its listed companies with corporate governance rules, a senior official said, as the bourse seeks to boost its credentials as a front-line regulator.

BHG Retail Trust Management is looking to raise S$256 million ($180 million) in an initial public offering of its real estate investment trust with a portfolio of retail malls in China, its prospectus showed.

Stocks of Southeast Asian banks are at their lowest valuations since the global financial crisis, but analysts don't expect investors to jump back in for some time, fearing a further increase in non-performing loans (NPLs).