KUWAIT. Global consulting leader secures new partnership in Kuwait; will provide specialist services to government and commercial clients on critical issues related to economic development in the areas of information technology, cyber security, transportation and other selected infrastructure.
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.