Bloomberg Deutsche Bank AG, Credit Suisse Group AG and Credit Agricole SA were targeted by a European Union probe into a suspected cartel for sovereign-bond trading. The European Commission sent the banks antitrust complaints, saying they may have exchanged “commercially sensitive information and coordinated on prices” on trading of US dollar supra-sovereign, sovereign and agency bonds via online chatrooms between ...

ABU DHABI / WAM Digital economy can contribute more than $3 trillion to Arab GDP growth, according to key recommendations and insights from the First Arab Digital Economy Conference, which concluded in the UAE capital on Wednesday. The importance of adopting the vision of the Arab digital economy for the growth opportunities of the Arab countries’ GDP is in direct ...

ABU DHABI / WAM The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have awarded Austria’s OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, Sarb and Mubarraz sour gas fields. OMV, which joins Italy’s Eni and Germany’s Wintershall as Adnoc’s partners in the concession, will contribute 5 ...