Bloomberg Citigroup Inc and Credit Suisse Group AG are expecting more African deals as governments sell assets and Ethiopia opens up. “Privatisation is a theme we see as becoming increasingly important given the fiscal pressures faced by many African governments,” Vikas Seth, the head of global emerging markets within investment banking and capital markets at Credit Suisse Group AG, said ...

Bloomberg It’s important that the next governor of the Bank of England is politically sensitive, according to Kate Barker, who is part of the panel interviewing candidates for the job. “If you’re really appointing a governor for eight years, it’s pretty difficult to foresee the political circumstances through that eight years into which this person is going to have to ...

Bloomberg Morgan Stanley has hired Umi Mehta, an investment banker focussed on internet companies, from Bank of America (BofA) Corp in Silicon Valley, according to people familiar with the matter. Mehta has started work as a managing director of global internet at Morgan Stanley’s office in Menlo Park, California, working alongside Kate Claassen as co-head of the group, said the ...

Bloomberg The World Bank projects Indonesia’s economic growth will slide to below 5% next year and warned of “severe” outflows if global risks worsen. The forecasts were made in a presentation to Indonesian President Joko Widodo, according to two people with knowledge of the matter, who didn’t want to be identified because the discussions were private. The presentation slides — ...

Bloomberg Lloyds Banking Group Plc suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance, taking its total costs for the scandal to 21.8 billion pounds ($26.7 billion). Lloyds shares fell as much as 2.5 percent in London. The bank is making a further provision of between 1.2 billion pounds and 1.8 billion pounds ...

DUBAI / WAM Smart Dubai revealed that its flagship data platform, Dubai Pulse, the backbone of the emirate’s smart transformation, has made a significant leap in terms of international appetite for the data it publishes, registering 1.5 million visits as of August 2019. A closer look at the visitor activity on the platform revealed a particular interest in the Roads ...

Dubai / WAM Dubai will host the prestigious International Council of Marine Industry Associations (ICOMIA), World Marina Conference 2020 in autumn, bringing the international event to the Middle East for the very first time. By winning the bid, the UAE Marine community has reaffirmed the country’s position as the most vibrant market for the marinas industry in the Middle East, ...

ABU DHABI / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Board of Directors at Abu Dhabi Fund for Development, HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, on Monday announced the launch of the Abu Dhabi Exports ...

Abu Dhabi / WAM The World Energy Council (WEC) Co-Chair Jean-Marie Dauger has said that there is no ‘one size fits all’ solution to the global energy transition. During the 24th World Energy Congress in Abu Dhabi, Dauger told the Emirates News Agency (WAM), that the pace of change in the industry is accelerating quite dramatically. “We know there are number ...

Abu Dhabi / WAM The Integrated Transport Center in the Emirate of Abu Dhabi has launched in cooperation with Emirates Integrated Telecommunications Company (du), a free Wi-Fi service project on public transport buses in the emirate. This project was launched during a media tour with the participation of a number of media representatives to experience the first bus in Abu ...