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Bloomberg Abu Dhabi is exploring a potential merger between three of its banks to create a lender with about $110 billion of assets as the oil-rich emirate moves ahead with the consolidation of state-controlled companies. Abu Dhabi Commercial Bank PJSC (ADCB) and Union National Bank PJSC (UNB), which are both listed locally, are in talks to combine with privately-held Al …

ABU DHABI / WAM Moustapha Niasse, President of the National Assembly of Senegal, said that the UAE is a force of good in the world, because of its efforts to promote social and humanitarian causes and help people suffering from disasters and crises, as well as its development initiatives that have created a difference to the international efforts to limit …

Bloomberg Euro-area manufacturers saw order growth slow to the weakest pace in two years after renewed concerns over trade prospects hit confidence. Purchasing Managers’ Indexes (PMI) from across Europe signal business sentiment is waning, threatening to harm the economy at a time when price pressures are building after years of subdued growth. Momentum is also weakening in China, while output continued …

Bloomberg Opec crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to US sanctions. The group’s 15 members, which now include the Republic of Congo, collectively produced 32.74 million barrels a day last month, an increase of 420,000 barrels a day from July, …

Bloomberg The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal. Their emergence couldn’t come at a worse time for the industry, which is already beset by lawmakers capping rates and suffering from perennial mistrust by consumers. On top of that, utilities are getting …

Bloomberg Oil in London traded near a two-month high as Iranian crude and condensate exports fell to their lowest level in more than two years, showcasing concerns over a potential supply shortfall once US sanctions on the Middle East nation’s shipments start in November. Brent futures gained as much as 0.7 percent. Iran shipped just under 2.1 million barrels a …

Bloomberg Ghana signed eight cooperation agreements with China following talks between the two nations’ leaders in Beijing ahead of the Forum on China-Africa Cooperation that started on Monday. The package of agreements included the $2 billion infrastructure deal Ghana reached in July with Sinohydro Corp. to improve its roads and develop railways in exchange for bauxite, according to a statement …

Bloomberg Saudi Arabia’s sovereign wealth fund appointed former Dow Chemical Co. Chief Executive Officer Andrew Liveris as a special adviser. Liveris will work closely with the Public Investment Fund “in several areas and assist the fund in efforts to increase the value of the portfolio, and ensure the important contribution of PIF companies to the achievement of Vision 2030 goals” …

Bloomberg Mercuria Energy Group Ltd. revealed how much each of its top executives and founders control of its parent company offering a rare glimpse into the ownership structure of one of the world’s largest energy traders. In an application seeking permission for a US subsidiary to export electricity to Mexico, Mercuria included a detailed list of its shareholders. The obscure …

Bloomberg UK investment firm Wren House Infrastructure Management is considering buying the remaining 70 percent of Spain’s Global Power Generation SA that it doesn’t already own, according to people with knowledge of the matter. The potential deal could be valued at more than $1 billion, the people said, declining to be identified as the deliberations are confidential. London-based Wren House …