Bloomberg Deutsche Bank AG plans to rebuild its equity capital markets business in Asia, seeking to stage a comeback amid strong demand for share sales, according to people with knowledge of the matter. The Frankfurt-based lender, which shuttered the majority of its equities business in Asia Pacific in 2019, plans to hire 10 to 12 bankers, said the people. The ...

Bloomberg US equity-index futures fall and European stocks pared gains as traders braced for potential fallout from a wave of forced selling that rattled nerves and took the shine off a record Wall Street close. Oil slid after the ship blocking the Suez Canal was refloated. Contracts on the S&P 500 declined following revelations that Archegos Capital Management LLC — ...

Bloomberg The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc. The brokerage reiterated buy ratings on Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. following what it called an “unfortunate dislocation” of their share prices. Gary Dugan, chief executive officer at ...

Abu Dhabi / WAM The UAE was ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020, marking a new achievement and consolidating country’s status as a key centre of international trade. The Federal Competitiveness and Statistics Centre documented the international references confirming these achievements, most notably the World Competitiveness Yearbook (WCY) published ...

Bloomberg Iraq is discussing a “giant” agreement with French oil giant Total SE to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview. The minister said he expected the contract to be finalised before July. The relationship with Total will be based on targeting low-carbon industry and capturing ...

ABU DHABi / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, has discussed with Zaake W. Kibedi, Ambassador of Uganda to the UAE, means of expanding trade and investment relations between the two countries in a number of key sectors. The meeting, held at the Chamber’s tower in Abu Dhabi, touched upon bolstering the economic cooperation between ...

Abu Dhabi / WAM The UAE has strongly denounced the Iran-backed terrorist Houthi militias for attempting to target civilians and civilian objects in a systematic and deliberate manner in the southern region of Saudi Arabia with two explosive drones, which were intercepted by Coalition forces. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) said the UAE ...

Sharjah / WAM The Department of Government Relations (DGR) in Sharjah, and the Embassy of Singapore in the UAE, have explored ways to further strengthen collaboration in sustainable development, education, and infrastructure. The two parties also discussed the establishment of investment partnerships in new and emerging sectors which they are prioritising to keep abreast of the shifts in market demand. ...

Abu Dhabi / WAM Mubadala Investment Company on Sunday announced that it will invest in Rodenstock Group, the leading manufacturer of premium ophthalmic lenses, as a minority investor alongside Funds advised by Apax (Apax Funds). Founded in 1877, Rodenstock has been a global leader in prescription lenses for over 140 years, with a strong track record of innovative product development ...

Sharjah / WAM Bee’ah announced it has signed a Memorandum of Understanding with Ripe Exhibitions Organiser Company to provide waste management services at The Ripe Market inside the Dubai Police Academy Park, a weekly community event that supports UAE home-grown businesses and local farmers. As part of the agreement, Bee’ah will work closely with Ripe Market’s facilities team to oversee ...