MARC has assigned a preliminary rating of AA-IS to Southern Power Generation Sdn Bhd’s (Southern Power) proposed Sukuk Wakalah of up to RM4.0 billion. The outlook on the rating is stable. Southern Power, a 51:49 joint venture between Tenaga Nasional Berhad (TNB) and SIPP Energy Sdn Bhd, will utilise proceeds from the sukuk to develop a 2x720-megawatt combined cycle gas-fired plant in Pasir Gudang,
Leading emerging market regulators met this week in Colombo, Sri Lanka, at the annual meeting and conference of the IOSCO Growth and Emerging Markets (GEM) Committee, chaired by the Chairman of Securities Commission Malaysia (SC), Tan Sri Ranjit Ajit Singh, who is also Vice Chair of the IOSCO Board. The GEM Committee annual meeting and conference were preceded by the meeting of the IOSCO Asia-Paci
While the rapid pace of technological change presents unprecedented opportunities to innovate, it is equally important to harness the power of technological innovation to address complex economic, social and environmental challenges, said Badr Jafar, CEO of UAE-based conglomerate Crescent Enterprises and Managing Director of the Crescent Group, in his closing keynote address at the United Nations
Beirut, Lebanon - The state of economies are ever changing and the world’s economy is set to grow in 2018, but what about the regional economies? The latest results from the Middle East Job Seeker Confidence Survey carried out by Bayt.com, the Middle East’s number one job site, and global market research company, YouGov, indicates that over one third (35%) of respondents in Lebanon
Dubai, United Arab Emirates – The risk of heart disease is prevalent amongst residents in the UAE with an estimated 30% of deaths in the region attributed to the disease, with this number expected to triple over the next two decades as the risk factors of cardiovascular diseases (CVDs) increases.
Fujairah – The average price for Brent crude oil in 2018 will be in the $50s a barrel range, according to 61% of respondents to a GIQ Industry Survey of 250 energy industry professionals operating across the Middle East and Asia.
Dubai, UAE - The state of economies are ever changing and the world’s economy is set to grow in 2018, but what about the regional economies? The latest results from the Middle East Job Seeker Confidence Survey carried out by Bayt.com, the Middle East’s number one job site, and global market research company, YouGov, indicates that nearly three quarters (74%) of those who answered the