January, 2019

• 22 January

  DIB lists $750 million sukuk on Nasdaq Dubai

  

  Abu Dhabi / WAM Nasdaq Dubai on Tuesday welcomed the listing of a $750 million Sukuk by the Dubai Islamic Bank (DIB). It is Nasdaq Dubai’s first Sukuk listing of 2019 and DIB’s seventh altogether on the exchange. Dubai Islamic Bank is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total of six billion US dollars ...

  Read More »
• 22 January

  UAE, Bulgaria to enhance cooperation in key fields

  

  Sofia / WAM Prospects of enhancing cooperation in all political, economic, security and investment sectors between the UAE and Bulgaria were reviewed at a meeting between the Prime Minister of Bulgaria Boyko Borissov and the UAE Ambassador to Bulgaria Abdulwahab Nasser Al Najjar. At the meeting, which was held at the Prime Minister’s office, Borissov affirmed his country’s participation in ...

  Read More »
• 22 January

  Mohamed restructures ADGM board

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a Resolution restructuring the Board of Directors of the Abu Dhabi Global Market (ADGM), under the chairmanship of Ahmed Ali Mohammed Al Sayegh. Under the ...

  Read More »
• 22 January

  UBF issues new measures to combat cheque fraud

  

  Abu Dhabi / WAM Counterfeit cheques currently expose banks, businesses and customers to financial, reputational and legal risks, and with sophisticated printing technologies incidences of fraud have increased. This phenomenon has led the UAE Banks Federation (UBF), to combat such risks, including the hosting of a workshop, in coordination with the UBF IT Committee, dedicated to addressing new and innovative ...

  Read More »
• 22 January

  ADFD allocates $3bn to State Bank of Pakistan

  

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has formalised an $3 billion (AED11 billion) deposit into the State Bank of Pakistan to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy. Announced in December 2018, the decision to formalise the deposit was made under ...

  Read More »
• 22 January

  Labour backs vote that could trigger new Brexit referendum

  

  Bloomberg The UK’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Labour leader Jeremy Corbyn proposed a series of non-binding votes in Parliament on options for how the UK can avoid a no-deal Brexit: One of those options is a new ...

  Read More »
• 22 January

  Pompeo sends Davos Trump-style message from shutdown in US

  Bloomberg Grounded in Washington by the government shutdown, Secretary of State Michael Pompeo delivered a Trump-style speech by video to the Davos summit defending disruptive politics, touting US economic strength and claiming foreign policy successes. “New winds are blowing across the world,” Pompeo said in the long-distance address to the World Economic Forum in Davos, Switzerland. “The central question is ...

  Read More »
• 22 January

  Release jailed Canadians, China experts urge Xi

  Bloomberg A group of former ambassadors and academics is calling on China to immediately release two Canadians it detained in the wake of the arrest of a top Huawei Technologies Co executive in Vancouver. The open letter addressed to Chinese President Xi Jinping, said its 141 signatories are “deeply concerned” by the detentions of Michael Kovrig and Michael Spavor by ...

  Read More »
• 22 January

  Seoul defends US bid for ‘nukes compromise’

  

  Bloomberg South Korean Foreign Minister Kang Kyung-wha defended US efforts to advance North Korea talks, saying in an interview that it would be “excessive” to say Washington is compromising on its denuclearisation goals. “There’s no shifting — not a bit — about what the goal is. It’s complete denuclearisation,” Kang told the Yonhap News Agency in an interview published. Kang ...

  Read More »
• 22 January

  Italy’s populists make France nemesis ahead of European elections

  Bloomberg Italy’s populists looking for an arch enemy to concentrate their nationalist rhetoric ahead of European Parliamentary elections have found one: France and its Europhile president Emmanuel Macron. France has summoned the Italian ambassador over comments by Deputy Premier and Five Star Movement leader Luigi di Maio that France “never stopped colonising Africa” and is contributing to the waves of ...

  Read More »