December, 2019

• 8 December

  Saudi stocks up most this year on Aramco, oil outlook

  

  Bloomberg Saudi Arabia’s main equity index advanced the most in more than a year after the pricing of Saudi Aramco’s initial public offering and amid hopes of higher oil prices. The Tadawul All Share Index rose 2.4% on Sunday, the most for a session since October 2018. The kingdom raised $25.6 billion from the world’s biggest IPO after selling shares ...

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• 8 December

  Marfrig opens $805mn share sale as state exits

  Bloomberg Marfrig Global Foods SA announced an equity offering that will allow Brazilian development bank BNDES to sell its stake in the world’s second-largest beef producer. BNDESPar, the bank’s investment arm, plans to sell about 209.6 million shares, which is all of its 33.74% stake, Marfrig said in a regulatory filing. The company will sell about 90 million shares. The ...

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• 8 December

  FAA issues updated rules for Boeing’s 737 Max jet

  

  Bloomberg In a small step towards returning Boeing Co.’s 737 Max to service, US regulators are revising requirements for how airlines must operate the plane if equipment breaks down. The US Federal Aviation Administration (FAA) issued proposed new rules for airline operations on the Max that adapt to the fixes being finalised for the grounded jetliner. The public has 30 ...

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• 8 December

  Tesco mulls sale of supermarket business in Thailand, Malaysia

  

  Bloomberg Britain’s biggest supermarket chain, Tesco Plc, is considering the sale of its supermarket businesses in Thailand and Malaysia. The UK company is carrying out a strategic review of the businesses after receiving what it called inbound interest, according to a statement. The deal could value the operations at as much as $9 billion, Dow Jones reported earlier, citing people familiar ...

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• 8 December

  UK aerospace major Senior explores sale of its aerostructure unit

  

  Bloomberg Senior Plc, a supplier to Boeing Co. and Daimler AG, is exploring a sale of its aerostructure unit, according to people familiar with the matter. The British aerospace and automotive company is working with adviser Lazard Ltd. on the potential divestment, said the people, who asked not to be identified because the discussions are private. Senior is reaching out ...

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• 8 December

  Ryanair may not get 737 Max jets in time

  Bloomberg Ryanair Holdings Plc may have to cut more flights from its summer schedule if the grounding of Boeing Co.’s 737 Max jetliner drags on, Chief Executive Officer Michael O’Leary said. It’s possible Ryanair will have none of the narrow-body planes in its fleet for next year’s high season, according O’Leary, who said in a Dublin court that deliveries of ...

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• 8 December

  SpaceX cargo launch kicks off busy month for ISS

  

  Bloomberg SpaceX launched its 19th resupply flight to the International Space Station (ISS), kicking off what promises to be a busy month for the orbiting lab. A Space Exploration Technologies Corp. rocket blasted off in Florida from Cape Canaveral Air Force Station. The first stage of the Falcon 9 rocket separated, then landed successfully eight minutes later on a drone ...

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• 7 December

  UAE is role model of tolerance, coexistence, peace: Pope Francis

  VATICAN / WAM His Holiness Pope Francis, Head of the Catholic Church praised the UAE’s approach that enhances the pillars of tolerance, coexistence and peace. While receiving a UAE delegation that included members of the Emirati Embassy in Madrid and the Tolerance and Coexistence Training Programme of the Emirates Centre for Strategic Studies and Research (ECSSR), Pope Francis said that ...

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• 7 December

  A second great recession highly unlikely, says report

  

  Dubai / WAM The global economy is not likely to witness another Great Recession-style collapse, despite several indicators to the contrary in recent months, according to a newly-published report by the Arab Strategy Forum in partnership with Good Judgement Inc., the world’s leading geopolitical and economic forecasting institution. Titled ‘11 Questions for the Next Decade’, the wide-ranging and far-reaching findings ...

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• 7 December

  ADFD grants $52mn for Maldives airport project

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, commended the opening of a major infrastructure project – Maafaru International Airport, located on one of the islands of the Noonu Atoll in the Maldives. To support the strategic objectives of the Government of the Maldives, ADFD contributed AED191 million ($52 million) ...

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