Bloomberg Rioprevidencia, the pension fund for public-sector workers from Rio de Janeiro state, is holding informal talks with holders of its $3.1 billion in bonds after a waiver for breached debt-covenants expired. Rioprevidencia, which is grappling with a 10 billion-real ($2.8 billion) budget hole this year, isn’t currently considering a full restructuring of its dollar-denominated debt and hasn’t hired any ...

Emirates Business The number of internet users in the Arab World is expected to rise to about 226 million by 2018, according to the Arab Knowledge Economy report 2015 – 2016. The Internet penetration rate will jump from about 37.5 per cent in 2014 to over 55 per cent in 2018, or about 7 per cent above the estimated world ...

Emirates Business As part of its efforts to introduce its partners and members of the diplomatic corps to its future plans as well as to inform them about the economic landscape of the emirate, the Dubai Chamber of Commerce and Industry organised Diplomatic Circle Dinner for ambassadors and members of the Arab and international diplomatic corps in the UAE at ...