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Brexit could spark economic crisis

  London / AFP Britain’s shock EU withdrawal could cause an economic crisis, a top banker warned on Thursday, adding it was “far from certain” London would secure its exit demands in Brussels. “This is a political crisis that has the potential to create an economic one,” said John McFarlane, chairman of Barclays bank and head of finance lobbyists TheCityUK. ...

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Dubai to invest $1bn in roads to spur growth

  DUBAI / Bloomberg From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate’s economy. Dubai expects to solicit bids within eight months for road projects worth as much as four billion dirhams ($1.1 billion) as part of a bigger drive to upgrade transport links in the city, Mattar Al ...

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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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