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  Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...

  Bloomberg Apollo Global Management Inc. is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter Inc., according to people with knowledge of the deal. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms, the people said. Shares of Twitter closed at $47.26 apiece, with ...

  Bloomberg Norway’s inflation accelerated more than expected last month to a new 13-year high, raising pressure on the central bank to speed up its interest rate-hike plan to more than one increase per quarter. Consumer prices rise 5.4% from a year earlier, the fastest pace since October 2008, according to data from Statistics Norway. Economists surveyed by Bloomberg expected ...

  Abu Dhabi / WAM Adnoc Distribution on Tuesday reported strong first-quarter 2022 results, recording a 7.8% year-on-year increase in Ebitda to AED881 million with a 6.3% year-on-year increase in net profit to AED671 million for the quarter, while cash flow generation remained strong with free cash flow of AED1.9 billion. The company has seen a strong recovery in total ...

  Sharjah / WAM Arada has awarded two major contracts together, totalling AED460 million, to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in woodland and nature-inspired master plan. Valued at AED228 million, the contract to build 142 villas in the Sendian district of ...

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the three-month period ended March 31, reporting significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments, with the company firmly on track to deliver on its ambitious ...

  Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs and CEO of Ports, Customs and Free Zone Corporation, said Dubai Customs completed 381,275 customs declarations during the Eid al-Fitr holiday. He affirmed that Dubai Customs keeps pace with Dubai’s dynamic progress by developing smart customs systems and programmes that work around the clock to fulfill the needs of ...

  Bloomberg Ferdinand Marcos Jr won a landslide victory in the Philippines presidential election, according to unofficial results, bringing his family back to power in Manila 36 years after his dictator father fled the country. With 96.7% of the election returns counted, the former senator won 30.7 million votes, or 58.8% of the total votes cast for president. His closest ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday discussed with Kyriakos Mitsotakis, Prime Minister of Greece, the prospects of enhancing cooperation and joint work in various fields as part of the strategic partnership between their countries. During a meeting at ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting, which was held at Qasr Al Watan Abu Dhabi. The meeting was attended by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...