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Australia cost concerns drain PM’s support

BLOOMBERG Australian voter dissatisfaction with Prime Minister Anthony Albanese’s performance is growing and support for his signature Indigenous Voice to Parliament proposal is declining amid increased frustration over rising living costs. The center-left government’s primary vote slid to 36% in the latest Resolve poll published, the lowest level since it won office in May 2022. Albanese’s net approval rating declined ...

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Modi’s G-20 deals boost India’s green stocks, infrastructure

BLOOMBERG Shares of global infrastructure service providers and environmental companies in India rallied on Monday after the Group of 20 leaders meeting in New Delhi agreed to prioritise projects that involve regional connectivity and promoting biofuels. India’s state-run firms that plan and operate the country’s vast railways network were among top gainers on the S&P BSE 500 Index amid expectations ...

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Dollar declines most in two weeks as stocks rebound

BLOOMBERG The dollar fell the most in two weeks, while stocks rose as traders took bullish cues from improving Chinese data and comments from Treasury Secretary Janet Yellen. The yen had the biggest move against the dollar, surging more than 1% after Bank of Japan Governor Kazuo Ueda aired the possibility of ending the developed world’s last key negative interest ...

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Citigroup names new heads for continental Europe investment banking divisions

BLOOMBERG Citigroup Inc has named new co-heads of its banking, capital markets and advisory division for continental Europe. Linos Lekkas and Patrick Frowein will also represent the BCMA division as members of Citigroup’s Europe leadership team, according to an internal memo seen by Bloomberg News. A spokesperson for Citigroup confirmed the contents of the memo. The BCMA division’s continental Europe ...

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Mubadala commits US$1 billion to Blue Owl Capital’s technology lending strategy

NEW YORK / WAM Mubadala Investment Company (Mubadala), an Abu Dhabi-based global sovereign investor, announced today that it has formed a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership was established with a $1 billion commitment to Blue Owl’s Credit platform and will initially focus on its Technology Lending strategy, which ...

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ADNOC Logistics and Services takes delivery of 8 jack-up barges, boosting its barge fleet by 25%

ABU DHABI / WAM ADNOC Logistics and Services (ADNOC L&S) has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. With this expansion, the number of JUBs owned and operated by ADNOC L&S has increased from 31 to 39, reinforcing the Company’s status as the owner and operator of one of the largest ...

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UAE President directs urgent relief aid, search and rescue teams to Libya

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed to send urgent relief aid and search and rescue teams to Libya to support its efforts in mitigating the repercussions of the floods caused by Storm Daniel, which resulted in numerous deaths and injuries, and caused severe damage. His Highness expressed his sincere condolences and sympathy ...

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QRBI keen on strengthening its partnership with UAE to promote digital payments in both countries: Indian official

NEW DELHI / WAM Shri Gunveer Singh, Chief General Manager of the Reserve Bank of India’s Department of Payment and Settlement Systems, said that India is looking forward to more meaningful cooperation with the UAE in the field of digital payments. Speaking to the Emirates News Agency (WAM) on the sidelines of the G20 Summit in New Delhi, Singh said ...

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UAE at G20 Summit: A strategic position and proactive presence

NEW DELHI / WAM The UAE’s successful participation in the 18th G20 Summit has spotlighted the country’s global stature and its efforts to drive global action to ensure a brighter tomorrow for generations to come, crowning the UAE’s active efforts in the G20 summit, working groups and meetings. Participating for the second time in a row, marking its fourth time ...

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