Bloomberg BNP Paribas SA expects the record fundraising spree in India to continue next year, aided by robust foreign inflows into initial public offerings and as more companies seeking to expand plan to sell shares. “I expect 2022 to continue to be a record year for fund raising,” Ganeshan Murugaiyan, head of corporate coverage and advisory at BNP Paribas in ...

Bloomberg For all the warnings earlier this year that China Evergrande Group’s debt crisis would become the country’s Lehman moment, the developer’s landmark payment failure is barely registering in local financial markets. The CSI 300 Index of stocks on Wednesday climbed to a six-week high, while Chinese junk dollar bonds rose 2 cents on the dollar, according to traders. The ...

Bloomberg Stocks rise for a third day as optimism about vaccines eased concerns about the omicron variant and China policies helped buffer against fallout from mounting property debt distress. Europe’s Stoxx 600 Index rose 0.5% after the biggest jump in more than a year, with healthcare shares outperforming and energy stocks down. US futures ticked up after the biggest surge ...

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) and Reliance Industries Limited (RIL), have agreed to launch Ta’ziz EDC & PVC, a world-scale chemical production partnership at the Ta’ziz Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of ...

ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to target civilians and civil sites in Saudi Arabia with two ballistic missiles and bomb-laden drone, which were intercepted and destroyed by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Tuesday, the UAE said recurrent terrorist ...

Abu Dhabi / WAM The total value of UAE’s non-oil trade over the past 50 years stood at AED18.3 trillion ($5 trillion), including AED11.8 trillion in imports, AED2.2 trillion in non-oil exports, and AED4.3 trillion in re-exports, according to the Federal Competitiveness and Statistics Centre (FCSC). The contribution of non-oil exports and re-exports to the UAE’s total non-oil foreign trade ...

Dubai / WAM Presenting its profile for category B candidacy in the International Maritime Organisation (IMO) Council at the organisation’s focus group in London, the UAE’s delegation has displayed very powerful contributions made to the sector over the years, that have influenced the industry globally. Boasting a rich maritime history, and a coastline of 1,650 kilometres, the UAE’s strategic location ...

DUBAI / WAM Under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, announced the listing of Tecom on the Dubai Financial Market (DFM). The listing is ...

Dubai / WAM The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Polish Chamber of Commerce signed two Memorandums of Understanding (MoU) aimed at strengthening the relations between the private sectors of the UAE and Poland. The MoUs also aim to establish a joint business council, promote economic cooperation, and develop commercial and investment relations between ...

ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to target civilians and civil sites in Saudi Arabia on Tuesday with two ballistic missiles and bomb-laden drone, which were intercepted and destroyed by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Tuesday, the UAE said ...