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WASHINGTON / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named the safest bank in the Middle East at Global Finance Magazine’s 2017 Best Banks Awards. FAB was also recognised as the Safest Bank in the UAE, one of the World’s 50 Safest Banks, one of the 50 ...

Dubai / WAM Emirates launched a $15 million campaign to inspire travel and promote the airline’s extensive network of global destinations, including its home and hub, Dubai. The campaign is backed by the iconic musical soundtrack of Queen’s “Don’t stop me now”, which was found in a scientific study to be the most uplifting or “feel-good” tune on the UK ...

Dubai / Emirates Business Under the patronage of His Excellency Dr Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, preparations are underway to launch the 3rd Maritime Academic Conference & Expo “Maracad 2017”. The event will take place in Dubai World Trade Center on October 30 and ...

Bloomberg To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a country that has long fought to curb both within the EU. Untwining the UK from decades ...

Bloomberg Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year. A two-stage Saudi Aramco IPO is one of several options being considered, the people said, asking ...

RIYADH / Reuters The $23 billion Riyadh Metro launched an auction on Sunday for private companies to name and advertise in select metro stops when the system opens in 2019, an initiative that could generate millions of dollars to help cover operational costs. Construction on the 176-kilometre (110 miles) metro began in 2014 after contracts were awarded to consortiums headed ...

BEIJING / Reuters China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows, the latest sign that the world’s second-largest economy has rushed to increase spot purchases to ensure fuel supplies ahead of the coming winter. Trade flow data on Thomson Reuters Eikon shows LNG tanker Grace Cosmos, with a cargo of 143,625 ...

BEIRUTH / Reuters The only bidder in Lebanon’s first tender for five offshore energy blocks was a consortium made up of France’s Total, Italy’s ENI and Russia’s Novatek, Minister of Energy and Water Cesar Abi Khalil said. The consortium submitted two bids for block 4 and block 9, Abi Khalil said in a statement on Facebook. Lebanon sits on the ...

Bloomberg Bharti Airtel Ltd. surged the most since in five months after it announced that it had agreed to absorb Tata Group’s mobile-phone business in a “cash-free” transaction shaking up one of the world’s most crowded wireless markets. The stock advanced 7.8 percent to 431.60 rupees, the most since May 10, after India’s largest mobile-phone operator said it will get ...

Bloomberg Jollibee Foods Corp., the fast-food chain that controls more than half of the Philippines’ $4 billion market with its signature fried chicken, is looking for acquisitions to accelerate ambitious expansion plans in the US and China. The targets could be other fast-food chains as well as fast-casual restaurants like Smashburger, the US franchise in which Jollibee owns 40 percent, ...