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Bloomberg EQT Partners, the largest buyout firm in the Nordic region, is planning a Stockholm listing this year in what could be the biggest European initial public offering for a private equity firm in two decades. The planned IPO is expected to encompass 20 percent of the total number of shares in EQT, which will include at least $550 million ...

Bloomberg Porsche is expanding its app-based subscription service to four new cities in the US and Canada, deepening its experiment in flexible car ownership even as other automakers back away. The luxury sports-car brand of Volkswagen AG is adding Las Vegas, San Diego, Phoenix and Toronto to the pilot program it started in Atlanta almost two years ago. The price ...

Bloomberg The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. The 15% US duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion ...

DUBAI / WAM In August, for the first time, the Dubai Gold and Commodities Exchange (DGCX), traded over three million contracts in one month, surpassing its previous record of 2.38 million contracts set in July. The 3.22 million lots traded and cleared in August were valued at $52.72 billion, also a new record. The exchange recorded its highest-ever daily volume ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development issued 3,854 new economic licences in second quarter, recording a rise of more than 44%, compared to 2,671 commercial licences issued during same period last year, as per commercial activity report by department’s Abu Dhabi Business Centre. According to report, 1,947 new licences were issued in Abu Dhabi city, ...

ABU DHABI / WAM The total value of hunting weapons sold at the Abu Dhabi International Hunting and Equestrian Exhibition, ADIHEX 2019, which ended at the Abu Dhabi National Exhibition Centre (Adnec), reached AED35.5 million. Brigadier Salim Hamoud Al Balushi, Chairman of the Security Organising Committee of the Exhibition, said that this level of sales reflects the public’s interest in ...

Bloomberg With oil trading below Saudi Arabia’s break-even level, energy policy is a top priority for the world’s biggest crude exporter. Following the loss of most of his domestic portfolio, Energy Minister Khalid Al-Falih will now have more time to work on balancing the market. Saudi Arabia will split the vast energy, industry and mining portfolio that Al-Falih had run ...

ABU DHABI / WAM Abu Dhabi International Airport (AUH), welcomed over 4.5 million passengers during summer months, demonstrating airport’s popularity with travelers heading to and leaving Abu Dhabi, as the airport seeks to offer a wide range of attractive routes, smooth operational efficiency and high customer satisfaction. During summer period, top five destinations that saw the highest share of traffic ...

ABU DHABI / WAM The UAE Cabinet formed a committee, chaired by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, with several ministers and officials as members, to implement the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to the ministers, government officials ...

Abu Dhabi / WAM As of August 16, Emirati citizens with diplomatic, private, and regular passports have been exempted from applying for pre-entry visas to enter Paraguay, announced the Ministry of Foreign Affairs and International Cooperation. The decision was issued as part of an agreement signed by Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, and Foreign ...