BLOOMBERG The Bank of England (BOE) warned that house prices are likely to fall further in many economies and flagged significant downside risks in the Chinese property market. A further deterioration in activity and prices could pose risks to the Chinese economy and financial sector, which could spill over into the UK and other jurisdictions, the central bank said in ...

DUBAI/WAM Emirates Development Bank (EDB) has announced that since the launch of its new strategy in April 2021, the bank has approved over AED 721 million financial support for food security projects. EDB has allocated AED30 billion to support 13,500 SMEs in five priority sectors: manufacturing, renewables, technology, healthcare, and food security. The announcement was made today as EDB concluded ...

ABU DHABI/ WAM ADNOC Drilling announced an interim dividend payment of $358 million, or 8.22 fils per share, for the first half of 2023. This represents another 5 percent year-on-year increase, in-line with the company’s progressive dividend policy. The interim dividend distribution will be on or around October 27, 2023, to all shareholders of record as of October 19, 2023. ...