LIPTIC, the Libyan monopoly, management contract tender was halted by the government. The CEO of Etisalat, UAE's top telecommunications service provider had reported that Libya halted the tender of the country's telecommunications operations.
Growth Equity
Al Hilal Bank to Issue Sukuk
Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year. Al Hilal Bank, the state owned bank of Abu Dhabi, is planning to issue a debut Islamic bond valued at US$500 million to be done in the third quarter of 2013.
Diablo Expands Funding Round
Diablo Technologies expands funds from angel investors. The Ottawa based manufacturer of memory system interface technology has raised Can$7. 5 million in new financing.
Earlybird Gets US$6 Million
US$6 million raised from fund sources for Earlybird. In an announcement, Earlybird Venture Capital announced the completion of US$6 million Series A funding for the first social marketplace focused on fashion, Videdressing.
Pyramid Analytics Supported by Sequoia Capital
Sequoia Capital leads capital funding for Pyramid Analytics. The premiere company that provides data driven decision making to end users at all levels has announces the closure of its latest funding round.
Latest News
The Philippines is moving from foreign debt dependence to local debt raising through auctions. The Philippines' Bureau of Treasury would boost domestic bond sales to raise nearly all of its debt requirements in the wake of record low interest rates and an increasing value of the peso.
Ambow speculative bid for New Oriental spikes shareholder values. The share value of New Oriental Education and Technology Group Inc jumped the largest since July 2012 as a speculative bid by Ambow Education Holding Ltd was said to be on the table.
Safeway's Blackhawk to open up for IPO. The gift card and payment service unit of Safeway Inc, Blackhawk Network Holdings Inc, has filed with federal regulators an application for an IPO of Class A common stock amounting to US$200 million.
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
Saudi Electric would float new sukuk bonds through two banks. The Gulf region's largest utility company, Saudi Electricity Co has chosen two banks to schedule meetings with fixed income investors from Europe and North America for possible debt agreements.
Warburg Pincus converts compulsorily convertible preference shares to increase stake in Capital Finance.
Rosetta purchases oil shale acreage from Comstock. Rosetta Resources Inc, the oil and natural gas producer, would be investing in Comstock Resources Inc's acreage located in West Texas Permian Basin.
Empire State Building to become REIT. The company controlling the Empire State Building has announced that a majority of its investors has approved a proposal to make the iconic building into a real estate investment trust or REIT.
Restructuring plan for Berlian Laju received from creditors. PT Berlian Laju Tanker, Indonesia's foremost oil and gas shipper, was able to reach an agreement with its lenders to restructure their loan of $1.
