Bloomberg Spain’s Unicaja Banco SA agreed to buy rival Liberbank SA in an all-share deal, adding to a flurry of deal-making in the nation’s finance industry. Unicaja will pay 1 new share for every 2.7705 of Liberbank shares, issuing as much as 1.08 billion euros of stock to fund the purchase, according to a statement. Unicaja shareholders will have 59.5% ...

Bloomberg The New York Stock Exchange (NYSE) said it will delist three Chinese corporations to comply with a US executive order that imposed restrictions on companies identified as affiliated with the Chinese military. China Mobile Ltd., China Telecom Corp Ltd, China Unicom Hong Kong Ltd will be suspended from trading between January 7 and January 11, and proceedings to delist ...

Bloomberg Benchmark indexes in the United Arab Emirates (UAE) climbed the most in the Middle East, tracking global stock rallies on optimism surrounding the rollout of coronavirus vaccines. Indexes in Oman and Israel also rise, while the main gauge in Egypt was unchanged. The Tadawul All Share Index in Riyadh dropped the most in the region, with 20 out of its ...

Bloomberg As one of the most tumultuous years in oil’s history ends, a delicate task now lies ahead for Opec+. The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without disturbing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group — which ...

DUBAI / WAM Sherif Al Olama, Undersecretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, welcomed a high-level delegation from the Israeli Mekorot Water Company headed by Elie Cohen, CEO of the company, where the two sides discussed the frameworks of joint cooperation in the field of water, and exchanged experiences supporting the development of innovative ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has launched a digital authentication project allowing the approval of documents issued by the ADJD’s systems in an integrated digital manner and compatible with the UAE PASS digital identification system. Digital authentication offers many aspects of protection.

SHARJAH / WAM Hamriyah Free Zone Authority (HFZA) has reinforced its reputation and position as a prominent destination regionally and globally despite of the Covid-19’s global economic fallout, after two giant African petrochemicals companies (Global Vision Specialty Chemicals & Proud Lubricants and Grease IND) announced investments in the free zone by leasing over 1,076,391 sq ft plots of land. The ...

Bloomberg China and the US can open a “new window of hope” in bilateral ties in the new year, Foreign Minister Wang Yi said, urging Washington to resolve disputes through dialogue. “Our US policy will maintain continuity and stability and we are willing to develop China-US relations in a coordinated, cooperative and stable manner with the American side,” Wang was ...

Bloomberg Airbus SE was close to delivering 560 planes to customers as of December 31, approaching the top end of its internal target in a year marred by the pandemic-induced collapse of air travel, according to people familiar with the matter. The European planemaker delivered close to 550 aircraft as of December 29, Bloomberg reported earlier. The final audited tally ...

Sharjah / WAM The Sharjah Chamber of Commerce & Industry (SCCI) revealed that the shopping malls and retail stores participating in the ‘Sharjah Shopping Promotions’ campaign, the emirate’s largest trade event for this year, have dedicated up to AED2 million prizes for the shoppers during the weekly raffle draws which will be held from January 8 to February 12. In ...