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Abu Dhabi merger fever buoys bond market

  Bloomberg Abu Dhabi bonds jumped after the emirate announced plans to combine two of its biggest investment companies, stoking bets the emirate will provide more support for its government-related entities. Abu Dhabi National Energy Co.’s debt maturing 2024 rose the most since December 2014 on Wednesday, the day the government said it will merge International Petroleum Investment Co., also ...

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Financial markets’ Eid closure

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced that financial markets will be closed from July 5-9, on the occasion of Eid Al Fitr. It will resume trading on July 10. The authority announced the holiday based on circular No. 25 of year 2016, issued by the Federal Government Human Resources Authority, after coordination with the financial ...

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After Brexit, let other EU referendums roll

  Since the Brexit vote, Europe’s populists — and the Scottish and Irish losers of the U.K. ballot — have had referendums on their mind. What if they, too, get lucky the way Brexiteers did? Simultaneously, there’s a predictable backlash against plebiscites from the intellectual elite: How can people be allowed to give binary answers in complex situations they don’t ...

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