Bloomberg Citigroup Inc, which typically advises the world’s biggest companies, is hunting for smaller clients in Australia, targeting businesses with revenue of as little as $53 million to get a competitive advantage in major deals down the track. The US lender, which set up a commercial-banking business in Australia in 2019, is planning to expand its team to 35 ...

  Bloomberg A rebound in stocks moderated on Wednesday, while US futures drifted lower amid uncertainty over the omicron virus strain’s economic impact and a foggy outlook for US fiscal stimulus. Gains in tech shares offset declines in cyclical sectors in Europe, while a gauge of Asia-Pacific shares was in the green. Trading volume was lower than the 30-day average ...

  Bloomberg Finatext Holdings Ltd, a Japanese fintech startup that provides stock trading apps and brokerage infrastructure, slumped on its first day of trading in Tokyo, with shares falling 35% below the issue price. Having raised nearly 20 billion yen ($175 million) in an offering that was priced at the top of its advertised range, got off to a bad ...

  Abu Dhabi / Gulf Time The UAE-Bahrain joint nanosatellite Light-1 has successfully arrived at the International Space Station (ISS). It was carried aboard a Falcon 9 rocket which launched the SpaceX CRS-24 commercial resupply mission from the Kennedy Space Center in Florida, US, at 14:06 UAE time. Its successful arrival at the ISS is the culmination of a trailblazing ...

  Bloomberg Oil rises as traders assessed the outlook for demand amid the rapid spread of omicron. Futures in London climbed above $72 a barrel in a volatile trading session on Tuesday, having fallen about 5% over the past two days. The new virus variant accounted for 73% of all Covid-19 infections in the US last week, but city traffic ...

  Dubai / WAM The Federal Authority for Government Human Resources (FAHR) issued on Tuesday a circular to all ministries and federal entities, amending some procedures aimed to combat the Covid-19 pandemic at the level of the federal government. The circular is in line with the directives of UAE government regarding the “Green Pass Protocol” for all federal government employees ...

  DUBAI / WAM The Dubai World Trade Centre Authority (DWTCA) signed a cooperation agreement with Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to establish a new international Virtual Asset ecosystem that enhances Dubai position as a global hub for the industry and generates long-term economic growth through digital innovation. The agreement follows a recent announcement establishing DWTCA ...

  Dubai / Gulf Time Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region is offering Voice Banking with Amazon Alexa in the UAE. The Amazon Alexa App is now available on both UAE iOS App and Google Play stores. Emirates NBD customers can enable the Emirates NBD banking skill on their Alexa ...

  Dubai / WAM As part of its efforts to develop the leisure marine tourism sector in Dubai, the Dubai Maritime City Authority (DMCA) at the Ports, Customs and Free Zone Corporation held the first forum for shipping agents at the authority’s headquarters in Port Rashid area in Dubai. During the meeting, the procedures for issuing sailing permits for the ...

  Dubai / Gulf Time The Norwegian International Society for Justice and Peace in Oslo honoured Dr Muhammed El-Nahhas, Chairman and CEO of MenaLabs Clinical Pathology Service, with the Medal of Excellence, as a Leader of the Humanitarian Action, among the group of leaders in the Gulf States. The honour occurred during the First International Forum for the Humanitarian Action ...