INTERNATIONAL. Participants from Morocco, Algeria, Tunisia, Libya and Egypt attend the first annual conference of the industry initiative Dii; Power from the desert will flow to Europe in the next ten years.
INTERNATIONAL. Long-term infrastructure debt poses a significant pricing challenge with no market prices, private cash flow data scattered amongst originators, and covenant structures creating "embedded options" that are not taken into account in standard valuation models.
BAHRAIN. Al Salam Bank-Bahrain now owns 100% of BMI Bank after a "business combination" merger: S&P says that Al Salam Bank (unrated) has a visibly lower credit profile than BankMuscat, the previous key shareholder of BMI Bank.