Bloomberg Barclays Chief Executive Officer Jes Staley is stepping down amid a UK regulatory probe into how he characterised his ties to the financier Jeffrey Epstein. Staley, 64, is leaving, according to a statement. CS Venkatakrishnan, who was promoted last year to run the Barclays markets division and was previously chief risk officer, will replace him as CEO. The bank ...

Bloomberg Stocks fluctuated as traders assessed corporate earnings and economic data, with the Federal Reserve getting ready to wind down stimulus. The S&P 500 was little changed as losses in technology shares offset gains in commodity and retail firms. The Dow Jones Industrial Average earlier touched the 36,000 level for the first time. A gauge of small caps climbed about ...

Bloomberg Japanese stocks jumped after the ruling coalition secured an election victory that was better than many had expected, paving the way for the administration of Fumio Kishida to begin enacting economic stimulus. The benchmark Topix gained 2.2%, the most since September 24, while the blue-chip Nikkei 225 Stock Average climbed 2.6%, the most since June 22. Utilities were among ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed granting Golden Visas to “frontline heroes” and their families. Those eligible include the families of fallen frontline heroes, and distinguished individuals whose extraordinary efforts helped protect the nation and its people throughout ...

ABU DHABI / Emirates Business Abu Dhabi Islamic Bank (ADIB), a leading Islamic bank in the region, delivered a strong set of financial results for the first nine months of 2021. Net profit surged 43% year-on-year to AED 1,602 million from AED 1,121 million in the same period last year. The growth in net profit reflects the strong underlying performance ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure, through the Sheikh Zayed Housing Programme, announced the delivery of newly constructed homes to 1,726 UAE nationals across Dubai, Ras Al Khaimah and Ajman. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the programme will continue offering eligible Emirati citizens keys to their new homes, as ...

Bloomberg Saudi Aramco’s earnings soared as oil prices and production climbed, allowing the world’s biggest crude producer to cover its quarterly dividend of $18.75 billion with free cash flow. Third-quarter profit rises to 114.1 billion riyals ($30.4 billion) from 44.2 billion riyals year ago, beating a company-compiled estimate of $29.1 billion. Free cash flow was $28.7 billion. Aramco has benefited ...

Bloomberg The US and the European Union (EU) clinched a tariff-busting trade accord over the weekend that they’ll try to leverage into a broader global arrangement that would penalise countries that don’t meet low-carbon targets for steel and aluminum exports. President Joe Biden and European Commission President Ursula von der Leyen hailed the agreement on Sunday in Rome on the ...

DUBAI / WAM Emirates signed a Memorandum of Understanding (MoU) with the Seychelles Tourism Board at Expo 2020, reaffirming its commitment to the island nation and outlining joint initiatives to promote trade and tourism to the country. The MoU was signed by Ahmed Khoory, Emirates’ SVP Commercial West Asia and Indian Ocean, and Sherin Francis, Principal Secretary Tourism Department, Tourism ...

Abu Dhabi / WAM The registration for the 11th edition of Sial Middle East 2021 (Sial ME) is now open. Sial ME will return to Abu Dhabi from December 7-9. Organised and hosted by Abu Dhabi National Exhibitions Company (Adnec), the event will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, ...