Bloomberg Visa sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects. The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record ...

Bloomberg Equities rise globally alongside US index futures after President Donald Trump said he’s considering a tax cut on capital gains. Gold slipped for a third day. From carmakers to energy stocks, a broad rally swept the Stoxx Europe 600 Index higher. Momentum carried forward from Asia, where a benchmark gained the most in a week, and from the US, ...

Bloomberg India’s benchmark equity index rose, in line with peers in Asia, as investors weighed the prospect of business recovery against the pace of new coronavirus infections. The S&P BSE Sensex gained 0.7% to 38,434.13 as of 10:06 am in Mumbai, set for its longest stretch of gains in three weeks. The NSE Nifty 50 Index also advanced 0.6%. India’s ...

Bloomberg South Africa’s main stock index climbs 1.6% by 9:43 am in Johannesburg as gains in diversified miners and a rally in Richemont counters weakness in index giant Naspers Ltd. It’s the market’s first trading session of the week following Monday’s holiday. Sasol reverses earlier weakness to be 0.9% higher. Stock retreated as much as 3.1% after the company said ...

ABU DHABI / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) has directed the ERC to support orphans who have lost their families in the explosion in Beirut, as well as the families of other victims. HH Sheikh Hamdan also instructed the ERC to provide ...

Bloomberg Oil snapped a two-day losing streak as Saudi Aramco predicted demand will continue to improve through the rest of the year, despite many regions across the world struggling to bring the coronavirus under control. Crude consumption in Asia is almost back to pre-virus levels, Aramco Chief Executive Officer Amin Nasser said. Meanwhile, oil drilling in the US falls to ...

Abu Dhabi / WAM The Federal Authority for Identity and Citizenship (ICA) issued a decision to extend the deadline for holders of expired entry permits and visas from August 11 for one month, to enable them to leave the country and exempt them from all resulting fines. The authority’s decision is part of the national initiatives launched by UAE and ...

DUBAI / WAM Dubai’s tourism and hospitality sectors are benefitting from a rapid rebound driven by a multi-phase roadmap being executed by the Department of Tourism and Commerce Marketing, Dubai Tourism. “Dubai continues to take effective steps under the guidance of the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

Ajman / WAM Ajman’s Department of Economic Development (DED) received on Monday four new ISO certificates, namely ISO 22301 for Business Continuity, ISO 45001 – Occupational Health & Safety, ISO 14001 – Environmental Management System and PAS 99 Integrated Management Systems. On this occasion, Ali Eissa Al Nuaimi, Director-General of Ajman’s Department of Economic Development, said in a statement that ...

MADINAH / WAM Bee’ah, the Middle East’s award-winning sustainability pioneer, is expanding into the Kingdom of Saudi Arabia in support of Saudi Vision 2030, after being awarded three contracts for waste management services in Madinah, covering the North, West and East regions. Bee’ah services will be conducted for 70 percent of the city, serving a population of 1.2 million people, ...