Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, announced the delivery of Phase 3 of its Bloom Gardens master development prior to the scheduled hand-over in Q1, 2017. One of the most prestigious residential addresses on Abu Dhabi Island, Bloom Gardens Phase 3 comprises 147 residential units …

  Bloomberg Glencore Plc and Qatar’s sovereign wealth fund are using 2.8 billion euros ($3 billion) in equity and $7.8 billion in financing from a bank consortium led by Italian lender Intesa Sanpaolo SpA to buy their stake in Russian oil company Rosneft PJSC. The financing will be backed by the two companies’ shares in the oil group, Rosneft said …

  TUNIS / Reuters Tunisia’s parliament approved a 32.7 billion dinar ($14.1 billion) budget for next year, including deficit cutting measures that had been watered down under pressure from unions. From a total of 217 lawmakers in parliament, 122 voted in favour of the finance bill. Earlier this week parliament struck out two key revenue raising measures and the government …