News

  Bloomberg Argentina’s blockbuster $16.5 billion bond sale is opening up the floodgates for junk-rated issuers in developing countries. The Latin American country’s return to global capital markets for the first time since its 2001 default brought high-yield issuance from emerging markets to $18 billion this week. That’s more than the previous 11 weeks combined, and money managers from Aviva ...

  Bloomberg Iovate Health Sciences International Inc., the Canadian maker of “MuscleTech” and “Six Star Pro Nutrition” supplements, is seeking a buyer in a deal that could value the company at as much as $1 billion, people with knowledge of the matter said. The Ontario-based vendor of weight-loss, muscle-building and nutrition products has hired an adviser to arrange the sale, ...

  Bloomberg Benchmark 10-year Treasury yields may tumble to a never-before-seen 1.25 percent as investors seek alternatives to lower interest rates around the world, according to Prudential Financial Inc. “We’re going to be low and range bound,” said Robert Tipp, the head of global bonds and foreign exchange for fixed-income division of the second-largest U.S. life insurer. “This is an ...

  REUTERS On a stretch of barren coast 550 km south of the capital Muscat, workers at a ship repair yard swarm over cargo vessels from around the world, labour that will help to determine Oman’s fate in an era of cheap oil. The yard, owned by the government’s Oman Drydock Co and operated by South Korea’s Daewoo Shipbuilding & ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan received an invitation from HRH Prince Khalid Al-Faisal, Chairman of the Arab Thought Foundation (ATF), to extend his kind patronage of and presence at the annual FIKR conference (FIKR 15) which will be held in Abu Dhabi next November under the theme Arab Integration: GCC; UAE: A ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group met with Maya Tissafi, Ambassador of Switzerland to the UAE, where Switzerland confirmed officially its intent to participate in Expo 2020 Dubai. Sheikh Ahmed said, “Expo 2020 Dubai will be ...

  GENEVA / WAM Obaid Salem Saeed Al Za’abi, UAE Permanent Representative to the United Nations Office in Geneva, delivered the ratification instrument of the United Arab Emirates on the Trade Facilitation Agreement (TFA) to Roberto Azevedo, Director-General of the World Trade Organisation(WTO). The Director-General of the WTO expressed his thanks and gratitude to the UAE for being the first ...

  ABU DHABI / WAM Abu Dhabi Fund for Development, (ADFD) signed a new cooperation and support agreement with the Abu Dhabi-based International Renewable Energy Agency, IRENA, to ensure the effective allocation of the US$350 million of funds pledged by ADFD for renewable energy projects in developing countries around the world. The Project Facility has already allocated $144m worth of ...

  ABU DHABI / WAM Miral and Warner Bros officially announced that a Warner Bros themed destination is set to open in Abu Dhabi on Yas Island, which is one of the world’s leading business, leisure and entertainment destinations. The development will include the only Warner Bros branded hotel alongside the immersive theme park. The first phase of the project, ...

  ABU DHABI / WAM Abu Dhabi has been selected to host the International Diabetes Federation (IDF) World Diabetes Congress, the biennial international health congress which provides a unique forum for sharing best practices and the latest achievements in diabetes research worldwide. The event will be held at Abu Dhabi National Exhibition Centre, the capital’s premier event venue, in December 2017. ...