ABU DHABI / WAM Aldar Properties on Wednesday announced that its 100% owned subsidiary Aldar Investments has successfully issued its debut fixed rate US dollar denominated sukuk, with a tenor of 7 years, raising a total of $500 million. Aldar Investments is the region’s largest diversified real estate investment company. The new issuance demonstrates Aldar Investments’ ability to raise efficient …

VIENNA / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), has signed three Memoranda of Understanding on cooperation, exchange of technical information, capacity building, research and development. The three MoUs were signed on the sidelines of the 62nd IAEA General Conference in Vienna, Austria. FANR signed a cooperation agreement with the Nuclear Safety Authority of France for the exchange …

Bloomberg Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change. The move follows “detailed consultation with a range of stakeholders,” according to a statement from the London-based bank. Environmental degradation, extreme weather and rising seas are among the climate change …

Bloomberg US equities edged higher as markets largely entered a holding pattern before the Federal Reserve’s rate decision. The dollar climbed with Treasuries. Pharmaceutical companies were among the best performers while energy shares lagged behind as Brent oil pulled back from a four-year high. Nike Inc. fell as much as 3 percent after reporting earnings. The pound weakened as Theresa …

Bloomberg Oil dropped as US crude inventories rose for the first time in more than a month. Futures dipped as much as 1 percent on Wednesday in New York. Nationwide, crude stockpiles expanded by 1.85 million barrels last week, the first increase since early August, the Energy Information Administration said. Refiners are buying less crude as post-summer maintenance work ramps …

Bloomberg The head of an industry group representing almost 300 of the world’s biggest airlines slammed an impasse that threatens to ground planes after Brexit as unprofessional and showing disdain for passengers who have bought tickets in good faith. A deal removing the risk of disruption to flights when Britain leaves the European Union on March 29 must be hammered …

Bloomberg The head of Shopify Inc. said Amazon is encroaching on its turf — and it’s confident it can compete. “They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech …

Bloomberg Ryanair Holdings Plc said it will have to cancel services on Friday after cabin crew unions in Germany, Spain, Belgium, Holland, Portugal and Italy called a strike. Only a “tiny minority” of staff are involved in the action, Ryanair said, adding that the scrapped services amount to 8 percent of the planned schedule and will affect about 30,000 customers. …

Bloomberg Delta Air Lines Inc.’s computer breakdowns are turning into an unwelcome, annual affair. The US airline grounded all domestic flights on September 25 to deal with a technology issue that affected some of its systems. About an hour later, Delta said it had restored all its systems, allowing the services to resume. While the carrier said there were no …

Bloomberg Going viral may soon be a requirement for products to get prime placement in a Debenhams store. At its “store of the future” northwest of London in Watford, England, Debenhams Plc is leveraging an online community of beauty-product enthusiasts to drum up foot traffic. The merging of online and in-store shopping experiences is the latest effort to transform the …