October, 2016

• 12 October

  Deutsche Bank boosts private dollar bond sale

  

    Bloomberg Less than a week after raising $3 billion in a private debt sale, Deutsche Bank AG returned for another $1.5 billion, offering a yield premium twice what it paid to borrow a year ago. The German lender sold the debt to mostly the same investors who bought last week’s offering at a slightly lower premium of 290 basis ...

  Read More »
• 12 October

  Romanian central banker sees no need to tighten policy

  

    Bloomberg There’s no need at the moment for tighter monetary policy in Romania because the economy is experiencing the “best macroeconomic picture” since the collapse of communism and growth hasn’t become unsustainable, central bank Deputy Governor Liviu Voinea said. The consumer-led expansion in the European Union’s second-poorest member isn’t showing signs of overheating, recording a positive output gap — ...

  Read More »
• 12 October

  UAE, WHO sign AED50.5mn pact to develop Yemen’s health sector

  

    Abu Dhabi / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and Chairman of the Emirates Red Crescent (ERC), stressed that the United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, continues to implement its developmental and humanitarian initiatives to alleviate the suffering of people in Yemen. ...

  Read More »
• 12 October

  UAE, Bulgaria seek stronger trade and investment ties

  

    Sofia / WAM Bolstering economic relations, and trade and investment between the United Arab Emirates (UAE) and Bulgaria are the focus of talks between UAE Minister of Economy Sultan bin Saeed Al Mansouri and Bulgarian Prime Minister Boyko Borisov in the Bulgarian capital. Trade between the UAE and Bulgaria stood at US$500 million in 2015, said Al Mansouri, who is ...

  Read More »
• 12 October

  UAE, Belarus hold new round of political consultations

    MINSK / WAM The UAE and Belarus on Tuesday held a second round of political consultations in the Belarus capital to explore bilateral relations in the political, economic, trade and military sectors. The UAE delegation was headed by Fares Mohammed Al Mazrouei, Assistant Minister of Foreign Affairs and International Cooperation for Security and Military Affairs, while the Belarus delegation was ...

  Read More »
• 12 October

  DREI promotes innovation among Emirati youth

    Dubai / Emirates Business Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), is partnering with Impact Hub Dubai (IHD) to launch the new Emirati Launchpad. This programme starts on November 2 will provide a number of specialised training courses for nationals, aimed towards assisting them in joining the Dubai real estate market, in engaging ...

  Read More »
• 12 October

  MoF to unveil innovative e-Dirham products at GITEX

    Dubai / Emirates Business The UAE Ministry of Finance (MoF), in partnership with National Bank of Abu Dhabi (NBAD), is all set to launch new innovative e-Dirham products and services during GITEX Technology Week scheduled from October 16 to 20 at the Dubai World Trade Centre. The launch of new e-Dirham products aims at enriching customer experience and increasing ...

  Read More »
• 12 October

  Samsung cuts profit by $2.3bn after killing Note 7

  

    Bloomberg Samsung Electronics Co. cut its third-quarter operating profit by $2.3 billion after ending production of its fire-prone Galaxy Note 7 smartphones, the first official indication of how much the crisis will cost South Korea’s largest company. Profit is projected to be 5.2 trillion won ($4.63 billion) instead of 7.8 trillion won in the three months ended September, the ...

  Read More »
• 12 October

  Toyota, Suzuki eye partnership as industry consolidates

  

    Tokyo / AFP Toyota and Suzuki said on Wednesday they are holding talks about a possible partnership to handle “unprecedented” changes in the global auto industry, as Japan’s vehicle sector sees a wave of consolidation. Toyota, the world’s biggest automaker, and small car specialist Suzuki did not announce details but suggested any partnership could focus on new safety and ...

  Read More »
• 12 October

  580,000 Tokyo homes suffer major blackout

  

    Tokyo / AFP Tokyo was hit by a major blackout on Wednesday that temporarily knocked out power to a total 580,000 homes and some big office and government buildings, while two train lines were also brought to a halt. Officials said the power outage could be traced to a fire at a facility run by utility Tokyo Electric Power. ...

  Read More »