Bloomberg The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc. The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at ...

Abu Dhabi / WAM The UAE was ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020, marking a new achievement and consolidating country’s status as a key centre of international trade. The Federal Competitiveness and Statistics Centre documented the international references confirming these achievements, most notably the World Competitiveness Yearbook (WCY) published ...

Bloomberg Iraq is discussing a “giant” agreement with French oil giant Total SE to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview. The minister said he expected the contract to be finalised before July. The relationship with Total will be based on targeting low-carbon industry and capturing ...