Dubai / Emirates Business wasl properties, a subsidiary of wasl Asset Management Group, has announced the launch of wasl Topaz in Umm Hurair. The development will provide prospective tenants in this vital area of the city with 90 new residential units for leasing, ranging from one and two bedroom apartments to two and three bedroom apartments with dedicated maid’s rooms. ...

Bloomberg President Donald Trump said he backed a Saudi Arabia-led movement to isolate Qatar over its funding of extremist groups, once again sending conflicting signals about the US stance in a dispute between American allies in the Gulf region. Qatar has historically “been a funder of terrorism at a very high level” and that has to stop, Trump said at ...

Bloomberg US special forces are assisting Philippine troops in their operations against militants in the southern city of Marawi, the US embassy in Manila said in an emailed statement. The assistance helps military commanders in their fight against the militants and was offered at the request of the Philippine government, according to the statement, which didn’t give details of the ...

Bloomberg German Chancellor Angela Merkel said she’s ready to defend the interests of European Union members in Brexit negotiations and doesn’t see any reason for the process to be delayed by the results of the UK’s election. “We will try to defend the interests of our 27 members states, and Great Britain will defend its own interests,” Merkel said in ...

Bloomberg Sweden unveiled a softer plan for filling the country’s bank resolution reserve following threats from Nordea Bank AB that it may shift its headquarters from Stockholm to a more accommodating regulatory environment. Sweden will keep a cap on the size of the resolution reserve, instead of allowing it to grow indefinitely, the Finance Ministry said. The government stuck to ...

Bloomberg A former Societe Generale SA managing director was charged in a French insider-trading case linked to Air Liquide SA’s $13.2 billion takeover of Stephane Fima, a managing director who specialized in acquisition financing, was charged by an investigative judge following raids last year at the bank’s headquarters in the La Defense business district in western Paris. The criminal charges ...

Bloomberg ABN Amro Group NV said it fired some mortgage advisers and cut performance-related pay after it found 114 staff copied client signatures, closing a probe the Dutch bank started more than six months ago. The government-owned lender terminated as many as 10 staff out of more than 850 advisers, a spokesman for the Amsterdam-based bank said. The bank said ...

Bloomberg Wells Fargo & Co. is removing a layer of management, consolidating its regional and area president roles into a new one called region bank president, according to an internal memo. The change will result in the elimination of 70 jobs, Bridget Braxton, a Wells Fargo spokeswoman, said in a telephone interview. Each region bank president will supervise six to ...

Bloomberg Citigroup Inc. is expanding its digital-banking channels in Asia as the bank seeks to boost its base of affluent customers in the region by at least 10 percent this year. The New York-based firm is accelerating the deployment of technologies that allow customers to get advice from wealth managers and make transactions through its Internet and mobile platforms, according ...

Bloomberg Oil fell for a third week as rising supplies from the US to Nigeria to Libya showed that OPEC is still struggling to clear a global glut. Futures fluctuated in New York, trading at the sub-$50 levels seen before OPEC first agreed to curb output in November. US data showed total crude and product stockpiles rose by the most ...