Bloomberg The European Union is considering adding to protections for banks’ riskiest debt securities by requiring that lenders pay coupons on such bonds before stock dividends and staff bonuses. Coupons on additional Tier 1 securities, such as contingent convertibles, or CoCos, “should be given priority” if capital levels are breached that trigger limits on payouts, according to an undated ...

  Dubai / WAM The Board of Directors of Dubai Government-owned Emirates National Oil Company (ENOC) have announced a new growth strategy aimed at serving Dubai’s growing energy needs while simultaneously developing an integrated upstream and downstream energy value chain to drive future growth. As part of the five-year strategy 2016-2021, ENOC will focus its efforts and investments on fulfilling Dubai’s ...

  Dubai / WAM The Roads and Transport Authority (RTA), represented by Public Transport Agency, has recently signed an agreement with the British Council whereby prospective taxi drivers will undergo linguistic, psychological and behavioural tests as a pre-requisite for obtaining professional permits. The step comes as part of the RTA’s strategy in forging partnerships to serve its objectives at world-class standards. ...