The United Arab Emirates’ Executive Office for AML/CFT and the Executive Office of the Committee for Goods and Materials Subject to Import and Export Control have launched a comprehensive assessment of proliferation financing risks in the UAE. The asse…
Market
Global equity sell-off sends European shares sharply lower
Published by Reuters UK (Reuters) – European stocks slumped on Friday, tracking a sell-off in global equity markets that was sparked by jitters around the U.S. Federal Reserve’s tightening pace and weak economic data. The pan-European STOXX 600 dropped 1.3%, following Asian and Wall Street sessions as investors anxiously looked forward to next week’s Fed […]
Asian shares slide after more losses on Wall Street
Washington, Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street, said an AP report. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regiona…
Abu Dhabi leads most Gulf markets higher
Abu Dhabi, Most stock markets in the Gulf ended higher on Wednesday, supported by strong oil prices, with the Abu Dhabi index outperforming the region. Crude prices, a key catalyst for the Gulf’s financial markets, rose for a fourth day after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing […]
Exclusive-Bain Capital nears $2.27 billion deal to buy French IT services firm Inetum – sources
Published by Reuters UK By Pamela Barbaglia LONDON (Reuters) -U.S. buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 billion that would boost its presence across Europe’s tech sector, sources familiar with the matter told Reuters. The deal will see Inetum – formerly […]
Turkey strikes currency swap deal with UAE as ties warm
Published by Reuters ISTANBUL (Reuters) -Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic ties that provides Ankara financial support as it faces economic turmoil. The deal between the countries’ central banks comes after the regional rivals sought […]