July, 2017

• 24 July

  SHUAA Capital backs Nasdaq Dubai market growth

  

  DUBAI / WAM SHUAA Capital, a Dubai-based financial services provider, continues to support the growth of the Nasdaq Dubai Futures Market as it reaches new highs. Nasdaq Dubai broke a new record this month with the value of equity futures traded increasing 76 percent to AED17.6 million from previous high of AED10 millionin June. As the largest and most active …

  Read More »
• 24 July

  Tawazun Holding, Tokyo varsity ink cooperation pact

  

  TOKYO / WAM Tawazun Holding and the University of Tokyo, UTokyo, in Japan have entered into agreement for joint collaboration and research and technology. Saif Mohamed Al Hajeri, Chief Executive Officer of Tawazun, and Professor Masatoshi Ishikawa, Dean of the UTokyo’s Graduate School of Information Science and Technology, signed the agreement in Tokyo on Tuesday. The agreement was facilitated by …

  Read More »
• 24 July

  Nearly 300k visitors at RAK expo centre in H1

  

  Ras Al Khaimah / Emirates Business Ras Al Khaimah Exhibition Center, a Ras Al Khaimah Chamber initiative, has successfully hosted nine different consumer and specialist exhibitions during the first half of 2017 which drew 296,374 local and international visitors. Jamal Al Taher, Acting Director of RAK Exhibition Center, said: “The Center offered a wide variety of exhibitions and activities, and …

  Read More »
• 24 July

  Deutsche Bank weighs moving $350 bn to Frankfurt for UK entities

  

  Bloomberg Deutsche Bank AG may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter. The project, dubbed Bowline, calls for Frankfurt trading to go live in September …

  Read More »
• 24 July

  Nomura India fund reaches $3.6 billion as Japan bets on PM Modi

  

  Bloomberg The land of Abenomics is betting on Modinomics. The demand is so strong that assets of Nomura Holdings Inc.’s India equity fund quadrupled to almost 400 billion yen ($3.6 billion) in just the past year. Japanese investors owned $13 billion of Indian stocks and bonds at the end of June, the most in data going back to 2012, according …

  Read More »
• 24 July

  After a three-year hiatus, Greece to return to bond market

  

  Bloomberg Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country, which was the epicenter of the European sovereign crisis that began in 2009, is looking to sell five-year bonds, according to an Athens Stock Exchange filing. It is also inviting holders of 4.75 percent bonds due in 2019 …

  Read More »
• 24 July

  Chinese banks ‘that funded HNA’ halts new lending

  Bloomberg Several Chinese banks that helped fund HNA Group Co.’s global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter. Three of the banks have decided to stop extending new loans to HNA, said the people, who asked not to be identified because the information is private. One made the decision early …

  Read More »
• 24 July

  Uber in crosshairs as SoftBank helps rivals raise $9 billion

  

  Bloomberg Uber Technologies Inc. is at risk of losing out on another big chunk of the global market. Grab, the leading provider of ride-hailing services in Southeast Asia, said on Monday it raised $2 billion from Japan’s SoftBank Group Corp. and China’s Didi Chuxing and expects to receive another $500 million from new and existing backers. The money will help …

  Read More »
• 24 July

  Russian contacts were few and insignificant: Kushner

  

  Bloomberg Jared Kushner confirmed four contacts with Russians during his father-in-law’s presidential campaign or after the election, he said, but he described the encounters as unmemorable and denied colluding with the Russian government to help Donald Trump win. In the most consequential meeting, Kushner said he agreed to meet with a Russian banker, Sergey Gorkov, on Dec. 13 at the …

  Read More »
• 24 July

  US dispatches envoy to ease Mideast frictions

  Bloomberg White House envoy Jason Greenblatt flew back to a more volatile Middle East on Monday as deadly violence that began over a Jerusalem shrine spilled over into the Israeli Embassy in Jordan, leading to a diplomatic standoff between two key American allies. Israeli Prime Minister Benjamin Netanyahu’s security cabinet was set to convene for the second time in 24 …

  Read More »