United Arab Emirates’ companies, including real estate developer Tourism Development & Investment Co. and holding group Al Ghurair, are seeking to cut borrowing costs as the country’s economy recovers and default risk falls.
Research firm Muddy Waters LLC was correct to focus on NQ Mobile Inc.’s delays in collecting customers’ payments as part of an 81-page report that labeled the Beijing-based mobile service provider a “massive fraud,” according to three accounting experts.
Viva Industrial Trust, a Singapore business and real estate trust, opened lower on its first day of trading in the island-state, amid concerns interest rates will rise and make it difficult for REITs to raise funds.
Blackstone Group LP, the world’s biggest manager of alternative assets, will seek more investments in Southeast Asia following the opening of an office in Singapore seven years after entering the Asia-Pacific region.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, formed a joint venture with Hines to develop a master-planned business park in Houston as it seeks to expand in real estate deals.
Dubai International Financial Centre, the tax-free business park, is relying on economic growth prospects in Africa and South Asia as it adds buildings with a value of 15 billion dirhams ($4.1 billion) over a decade.
Soilbuild Business Space REIT, whose assets include business parks and industrial properties in Singapore, fell in the city-state’s biggest initial public offering since May, tracking declines in the broader market.