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Bloomberg A Pakistan High Court ordered the release of Hafiz Saeed, the alleged mastermind of the 2008 Mumbai attacks, in a further blow for Pakistan and Indian relations. Saeed, who was present in court amid tight security, is scheduled to be released on Thursday from house arrest after a three-judge panel in Lahore rejected a plea from Pakistan’s government for ...

Bloomberg Indonesia said Singapore’s travel advisory to avoid parts of the vacation island of Bali following a minor eruption at Mount Agung volcano was “excessive”. The eruption spouted ash clouds reaching up to 700 metres above Mount Agung’s crater, Indonesia’s Energy and Mineral Resources Ministry’s volcanology agency said on its website. Neighbouring Singapore said its citizens should refrain from non-essential ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond’s measures to help young people into the housing market underwhelmed investors and sent home-builder stocks tumbling. In his budget speech on Wednesday, Hammond abolished stamp duty for first-time buyers of homes worth up to $398,000 as the Conservative government sought to regain support among the younger voters who abandoned them at the ...

Bloomberg Goldman Sachs Group Inc. is poised to receive $180 million in fees for managing Toshiba Corp.’s emergency share sale, according to a person with knowledge of the matter. The US firm is arranging the 600 billion yen private placement of new shares for loss-making Toshiba, which faces a March deadline from Tokyo’s exchange to reverse its negative equity or ...

Bloomberg The appointment of Dara Khosrowshahi as head of Uber Technologies Inc. this summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the co-founder. Somehow, the new chief executive officer keeps finding more ...

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the opening session of the fourth edition of the Knowledge Summit at the Dubai World Trade Centre. The summit which is held under the patronage of His Highness Sheikh Mohammed bin Rashid, and organised by the Mohammed ...

ABU DHABI / WAM Al Hilal Bank was awarded the title of ‘The Safest Islamic Financial Institution in the Gulf Cooperation Council’ for the second year in a row, based on an exclusive survey published in the November 2017 issue of the Global Finance publication. Alex Coelho, CEO of Al Hilal Bank, attended the Global Finance’s Best Bank Awards Ceremony ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced that it has joined the International Securities Services Association (ISSA), to become the first financial market in the MENA region to become a member of ISSA. This new membership demonstrates ADX’s keenness to align its regulatory practices with those of international financial markets. It also assures commitment to promoting financial ...