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SEOUL / WAM Abu Dhabi Investment Forum was launched on Wednesday in Seoul, South Korea. The Forum is organised by Abu Dhabi Investment Office of the Department of Economic Development (DED) in Abu Dhabi in collaboration with the UAE Embassy in South Korea as part of the ADIO’s annual programme aimed at attracting FDI to the Emirate of Abu Dhabi. ...

Dubai / Emirates Business Bank of London and The Middle East (BLME), announced the opening of a branch in the Dubai International Financial Centre (DIFC). BLME is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of London and The Middle East plc DIFC Branch is regulated by the Dubai ...

DUBAI / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, co-ordinated and led a multi-sector trade mission to Croatia to capitalise on the economic prospects in the country and its significance as an efficient gateway to the wider European Union (EU), as well as to Central and South Eastern Europe. The trade ...

Bloomberg Oil rose to a three-year high after the US told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trump’s decision to withdraw from the nuclear deal is still unclear, the re-imposition of far-reaching sanctions is expected to start reducing shipments from the Middle East’s ...

Bloomberg Exxon Mobil Corp. agreed to sell a refinery and three fuel terminals in Italy to Algeria, as the OPEC member seeks to cut fuel imports by refining its own crude. Esso Italiana Srl, a unit of Exxon Mobil in Italy, signed an agreement for the sale of its Augusta refinery in Sicily to Algerian state energy producer Sonatrach, according ...

Bloomberg Royal Dutch Shell Plc’s plan to sell its $3.3 billion stake in Canadian Natural Resources Ltd. put a dent in the oil-sands producer’s shares, but there’s a silver lining. The impending sale removes a cloud that had loomed over Canadian Natural since Shell took the shares as part of a $7.25 billion deal last year and signalled it would ...

Bloomberg Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the matter, in a bid to safeguard its investment grade ratings. India’s top wireless operator plans to raise as much ...

Bloomberg India sees a greater probability of global crude oil prices remaining high for a longer period, a scenario that threatens to dent growth and fan inflation in Asia’s third-largest economy. The government will have to watch crude prices before preparing any policy response, a finance ministry official told reporters in New Delhi, asking not to be identified, citing rules. ...

Bloomberg Toyota Motor Corp. shares jumped the most in more than seven months after the automaker announced a stock buyback and gave a profit guidance that assuaged concerns about a slowing US market and stronger yen weighing on earnings. The world’s most valuable carmaker plans to buy back as much as 300 billion yen ($2.7 billion) of shares. The company’s ...

Bloomberg A Taiwanese manufacturer of components used in everything from smartphones to computers has turned into the world’s hottest stock amid surging demand for its products. Yageo Corp. has jumped more than 800 percent since the start of last year, the most among stocks on MSCI Inc.’s global gauge, to add $8.1 billion of value. The company, which makes capacitors ...