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Dubai / WAM Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia (Measa) region, has concluded the first edition of its ‘Finance for Youth’ programme, which gathered over 45 select Emirati finance and business students and fresh graduates for five days of insightful talks and conversations at The Academy. The Programme featured ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued Federal Decree-Law No. 14 of 2018 regarding the ‘Central Bank and Organisation of Financial Institutions and Activities’. The provisions of this law does not apply to the Financial Free Zones in the State and the financial institutions regulated by the authorities of those zones. On ...

ABU DHABI / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), has signed a Memorandum of Understanding (MoU), with the Industrial Development Bureau (IDB), of the Abu Dhabi Department of Economic Development (DED), to support strategic industrial projects, expands the region’s industrial sector, and promote economic diversification. The agreement was signed by Khalifa bin Salem Al Mansouri, Under-Secretary ...

Bloomberg Donald Trump condemned “all forms of evil,” including anti-Semitism, after a mass shooting at a synagogue in Pittsburgh left 11 people dead in what’s being investigated as a hate crime. “We mourn for the unthinkable loss of life that took place today,” the president told a gathering of young farmers in Indianapolis, pledging the full resources of his administration ...

Bloomberg An electric-vehicle revolution is gaining ground in India, and it has nothing to do with cars. The South Asian country is home to about 1.5 million battery-powered, three-wheeled rickshaws — a fleet bigger than the total number of electric passenger cars sold in China since 2011. But while the world’s largest auto market dangled significant subsidies to encourage purchases ...

Bloomberg Naspers Ltd. is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year, according to people familiar with the matter. Africa’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swiggy’s biggest to date, according ...

Bloomberg Microsoft Corp. posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business towards internet-based computing. The stock rose in early trading. Profit and sales for the period ended on September 30 exceeded analysts’ estimates, with revenue from Azure cloud-computing services jumping 76 percent. Office 365, the internet- based versions of ...

Bloomberg Issuance of second-lien loans in Europe has surged this year as more borrowers tap into the growing appetite from private debt investors who are keen to source higher-yielding paper. Supply volumes have been further boosted by a handful of larger transactions that includes this week’s 500 million euro ($571 million) second-lien loan for hearing-aid maker Sivantos Pte Ltd. and ...

Bloomberg Daimler AG has its work cut out to get a fourth-quarter earnings bounce. After two consecutive profit warnings, the German manufacturer of Mercedes-Benz cars sees improvements by clearing out vehicle stock in Europe and maintaining sales momentum in China, the Stuttgart-based company said in a statement. Neither will be easy. “Daimler is certainly not alone when hoping for a ...

Sharjah / WAM During its participation in the World CEO Forum, the Sharjah Airport International Free Zone (Saif Zone) Authority stated that the achievements of SAIF Zone help to demonstrate and reflect Sharjah Government’s commitment to free trade. The Saif Zone Authority also stated that the various unique services that it offers have enabled it to develop into a leading ...