Bloomberg The dollar rises on Monday and most Asian stocks slipped along with US equity futures as traders weighed the implications of higher Treasury yields amid President-elect Joe Biden’s push for huge fiscal aid. The dollar climbed a third day against major peers. A gauge of Asia-Pacific shares dipped, South Korea erased an advance of as much as 3.6%. S&P ...

DUBAI / WAM Shuaa Capital on Sunday announced that it has successfully completed a debt buyout of Stanford Marine Group’s (SMG) AED1.13 billion ($308 million) facility, resulting in a successful outcome for all parties involved, including the participating banks. SMG is one of the most prominent and diversified offshore services companies in the Middle East, with a focus on chartering, ...

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Vice Chairman of the Board of Directors of the Mubadala Investment Company, has chaired the meeting of the Executive Committee of the company’s board, which was held at the Al Watan Palace in Abu Dhabi. The Board approved the company’s action ...