Reuters Kuwait’s National Real Estate Company (NREC) plans to issue a $500 million sukuk early next year to help fund new projects and to refinance existing debt, its chief financial officer said on Monday. The company is about to obtain a credit rating from Standard & Poor’s and will then seek to appoint banks to arrange the planned Islamic …

  Bloomberg The trading arms of Royal Dutch Shell Plc and BP Plc enjoyed their best year ever in 2015, helping push the combined gross margins of oil merchants to a six-year high, according to a closely watched report. Oil traders last year “stormed ahead, thanks to low, volatile spot prices that created cash-and-carry opportunities,” consultancy Oliver Wyman said in …

  Bloomberg Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited. Mistry, who had been Tata’s chairman for almost four years, was abruptly removed from his role on Monday for non …