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DUBAI / WAM Shuaa Capital on Wednesday announced that along with other parties, it had successfully priced and issued GFH Financial Group’s five-year sukuk at $300 million. The sale of the sukuk, held on January 21, was more than twice oversubscribed, with orders of over $700 million. Mustafa Kheriba, Deputy CEO and Group Head of Asset Management at Shuaa, commented, ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has achieved 75 million safe work hours at the Barakah Nuclear Energy Plant, reflecting Enec’s commitment to the highest standards of safety, security and quality in the development of the UAE Peaceful Nuclear Energy Programme. Mohamed Al Hammadi, Chief Executive Officer of Enec, Mark Reddemann, Chief Executive Officer of Nawah ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) on Wednesday announced AED60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either based in Abu Dhabi or expanding into the emirate. ADIO also signed its first investment ...

SHARJAH / WAM Sheikh Khalid bin Essam Al Qasimi, Chairman of Department of Civil Aviation Sharjah, on Wednesday inaugurated the 16th International Education Show 2020 (IES 2020), which is being organised and hosted by the Expo Centre Sharjah, with the support of the Sharjah Chamber of Commerce and Industry (SCCI) and the Ministry of Education and Sharjah Education Private Authority. ...

Bloomberg Mitsubishi Motors Corp and Denso Corp had their German operations probed by investigators over allegations that they may be involved in equipping diesel engines with devices to cheat on emissions tests. Police and prosecutors began investigating 10 sites across Germany, Nadja Niesen, a spokeswoman for Frankfurt prosecutors, wrote in an emailed statement. A spokeswoman for Denso, an auto parts ...

Bloomberg President Donald Trump is gearing up another attempt at trade talks with the European Union (EU) and is hopeful the two can reach a “big trade deal,” with the head of the European Commission calling on the sides to draw on their similarities as the process unfolds. “A deal between ourselves and essentially Europe is something we all want ...

Bloomberg Tesla Inc’s market value has climbed above Volkswagen AG’s for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. The electric-car maker’s shares jumped as much as 4.6% shortly after the open of regular trading on Wednesday. At the early intraday ...

Bloomberg UK Chancellor of the Exchequer Sajid Javid presided over the continued easing of austerity last month as departmental spending rose at its fastest pace for any December since 2003 — when Tony Blair was prime minister. The 10.5% increase from a year earlier came as the government pumped money into pay rises in the state-run National Health Service. It ...

Bloomberg Ukrainian President Volodymyr Zelenskiy offered tax breaks to investors as he seeks to drum up interest in sales of state assets. “Come and we’ll protect your investments,” Zelenskiy said. Five-year holidays for corporate tax will apply to those spending $10 million or more in privatization tenders in 2020 or 2021, he said. Privatization of major assets will start in ...

Bloomberg Apple Inc suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year. The Cupertino, California-based company is expected to officially unveil the new phone as early as March, one person ...