ABU DHABI / WAM Senaat, one of the largest industrial investment holding companies in the UAE, has announced that it has agreed the terms of a joint venture with Spanish manufacturer Tubacex, a global leader in the manufacture of stainless steel and high-alloyed tubular products (tubes and accessories). Senaat’s new partnership with Tubacex is being cemented with the signing of …

Bloomberg The City of London is getting a last-minute break from politicians across the European Union intent on averting chaos in financial markets in the event of a no-deal Brexit. Countries including Germany, the Netherlands, France, Italy and Sweden are readying national legislation that would help bankers continue to service the 18 trillion pounds ($23.4 trillion) of derivatives contracts that …

Bloomberg India will inject 482 billion rupees ($6.8 billion) into government-controlled lenders to help them meet tighter regulatory requirements and to boost credit growth. The fund infusion will ensure that capital ratios for all state-run lenders are above the regulatory requirement and will help Allahabad Bank and Corporation Bank exit a so-called Prompt Corrective Action plan, Rajeev Kumar, secretary at …