Masonry Layout

Bloomberg Leveraged loans funding acquisitions of Ancestry.com Inc and Dunkin’ Brands Group Inc are marketing, as private equity firms dash to lock in cheap financing before the holiday season kicks off. There are at least 13 loans for over $9.1 billion due over the next five sessions, with about 80% funding either buyouts or dividend payouts. That includes Inspire Brands ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

DUBAI / WAM Dubai Islamic Bank (DIB) has successfully priced a $1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the lowest ever yield achieved by any bank globally on an AT1 Sukuk issue and is the only AT1 Sukuk from the GCC in 2020. Despite the turmoil ...

NEW YORK / WAM The UAE and the Georgetown Institute for Women, Peace and Security (GIWPS) have launched a new Research Report and a UN Action Plan to advance women’s participation in post-conflict reconstruction, following a year-long series of high-level panel discussions on the subject. Key areas of the discussions were focussed on included post-conflict governance, economic recovery and environmental ...

Bloomberg State Grid Corp of China will pay 2.57 billion euros ($3 billion) for an electricity network company in Chile, its first overseas deal in almost a year and a move that resumes its expansion abroad. The Spanish natural gas and power company Naturgy Energy Group SA said it agreed to sell its 96% stake in Chilean electricity networks unit ...

Bloomberg President Donald Trump appeared to accept for the first time that Joe Biden had been elected the next president, tweeting on Sunday that the Democrat “won because the Election was Rigged.” “NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company, Dominion, with a bad reputation & bum equipment that couldn’t even qualify for ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the plan to resume assessments for the 2020 edition of the Dubai Government Excellence Program (DGEP). The assessments for the program, which were earlier scheduled for February and March 2020, had been postponed due to the ...

ABU DHABI / WAM The UAE leads the way as the strongest and most valuable brand in the Middle East and Africa (Mena) and ranked 18th globally at AED 2.45 trillion ($672 billion), according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The ranking places the Emirates at 18th, a rise of two places ...

DUBAI / WAM Noura bint Mohammed Al Kaabi, UAE Minister of Culture and Youth, has visited Dubai Design District, d3, a member of TECOM Group, for a tour of the outdoor installations and exhibitions at Dubai Design Week, the region’s largest cultural event held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai ...

ABU DHABI / WAM Zaki Nusseibeh, Minister of State, led the United Arab Emirates delegation’s participation in the recently concluded Paris Peace Forum. The event is an annual forum that brings together participants from civil society, government, and the private sector to focus on innovative solutions for tomorrow. The UAE delegation also included Yacoub Yousef Al Hosani, Assistant Minister for ...