Bloomberg The euro has scope to bounce back above $1.10 by the end of next year, taking it to levels last seen in the early months of the Russia-Ukraine war, before energy and economic concerns helped drag the common currency below parity with the greenback for the first time in decades. Deutsche Bank AG’s Alan Ruskin and George Saravelos ...

  Bloomberg Africa’s largest economy is expected to devalue its currency after elections in February by the steepest margin in six years to align it with market perceptions, according to a survey of investors and analysts. Nigeria operates a multiple exchange regime dominated by a tightly controlled official rate, cutting off access to many businesses and individuals, which in turn ...

  Bloomberg Franklin Templeton Investments and Eastspring Investments are joining a growing list of money managers snapping up Chinese stocks on bets that Beijing’s pivot away from Covid Zero will bring significant gains. China’s world-beating rally this month has solidified convictions that recent losses are a thing of the past as a property rescue plan and easing on virus controls ...

Bloomberg London is no longer home to Europe’s biggest stock market. That prize has been taken by Paris. This week on the In the City podcast, David Merritt speaks to reporter Joe Easton, who has been closely monitoring the race for months. In 2016, before the Brexit vote, British stocks were collectively worth $1.5 trillion more than France. The French ...

  Abu Dhabi / GULF TIME AD Ports group, the leading facilitator of global trade, logistics, and industry, has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, a leading integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries, with fabrication facilities spread across Asia ...

  Abu Dhabi / WAM The UAE strongly condemned the attack that targeted the Kurdistan Region in northern Iraq, resulting in deaths and injuries. The Ministry of Foreign Affairs and International Cooperation expressed in a statement the UAE’s solidarity with all measures taken by Iraq to protect its sovereignty, security, and stability, stressing UAE’s support for efforts to establish security ...

  Bali / WAM Indonesian Minister of Tourism and Creative Economy Sandiaga Uno has affirmed his country’s eagerness to foster cooperation with the UAE across different sectors, at the forefront of which is the green economy, clean energy, and improving business opportunities. In a statement to the Emirates News Agency (WAM), on the sidelines of the G20 Summit held on ...

  Abu Dhabi / WAM Green Future Project, an Italian ClimateTech platform that offers a turn-key solution for corporate sustainability practices, will contribute to Abu Dhabi’s sustainability efforts by enabling greater access to effective climate solutions for companies as well as individuals across the world from Hub71, Abu Dhabi’s global tech ecosystem. Through its best-in-class portfolio of certified projects, Green ...

  ABU DHABI / WAM Binance, world’s biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The Financial Services Permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by the Financial ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...