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Kurds and Kirkuk oil conundrum

Bloomberg The latest battle for Iraq’s future is unfolding around the country’s oldest oil field. Federal government troops pushed back forces from the semi-autonomous Kurdish region with a rapid thrust into Kirkuk province in northern Iraq, breaking a stand-off over the long-disputed area. Baghdad wants to reassert control of the area’s oil deposits from Kurdish fighters, who seized the territory ...

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Egypt plans to extend $2bn financing deal for a year

Bloomberg Egypt plans to renew a $2 billion financing deal with international banks while also developing alternative sources of funding such as issuing dollar-denominated Eurobonds, Finance Minister Amr El-Garhy said. The repurchase transaction, which international banks offered to increase to $5 billion upon its extension, will remain unchanged in size and probably in duration, El-Garhy said, adding the final details ...

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Hong Kong IPOs head for worst year as megadeals delay

Bloomberg Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20 billion of megadeals are being pushed to next year. State-owned China Tower Corp. was slated to be one of this year’s biggest deals, with a fundraising goal of as much as $10 billion, according to people with knowledge of the ...

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