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Dubai / WAM Marie Louise Coleiro Preca, President of the Republic of Malta, called for the establishment of new economic partnerships between the UAE and Malta, and expressed the intention to attract more UAE investors to her country. The Maltese President’s remarks came during the UAE-Malta Business Seminar, which was organised by Dubai Chamber of Commerce and Industry in cooperation ...

Dubai / WAM Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai FDI, the investment development agency of Dubai Economy (DED), announced that it is set to convene global investors in Dubai at the upcoming Dubai Investment Week 2018. The major event, which will ...

Bloomberg The US warned that it could resort to strikes against a new class of Russian missile unless Moscow complies with its international commitments to arms reduction. NATO defense ministers on Wednesday were expected to discuss their concerns that Russia is building a medium-range ballistic missile in violation of the Intermediate-Range Nuclear Forces Treaty, US Ambassador Kay Bailey Hutchison said. ...

Bloomberg Indonesia is weighing proposals to cut the levy on gains from its sovereign bonds and extend tax breaks to exporters who will park their dollar earnings in local banks for a longer period as part of measures to shore up a weakening currency. Lower bond taxes could attract more inflows and help “deepen domestic financial markets,” Robert Pakpahan, director ...

Bloomberg Nothing seems to be helping India’s sovereign bond market. The optimism spurred by the government’s decision to cut its borrowing plan proved fleeting as tax collections failed to meet the target for a fifth straight month. Revenue from the goods and services tax, or GST, totaled 944.4 billion rupees ($12.9 billion) in September, falling short of the 1-trillion rupee ...

Bloomberg Comcast Corp sold bonds to finance its $39 billion acquisition of Sky Plc in one of the biggest corporate debt sales ever in the US. The Philadelphia-based cable giant sold $27 billion of unsecured bonds in 12 parts. The longest portion of the offering, a 40-year security, yields 1.75 percentage points above Treasuries, less than an initially discussed range ...

Bloomberg Suddenly, a no-deal Brexit is just one of the many unknowns pound traders need to contend with. Now the risk of a second referendum or even another UK election needs to be taken on board by investors. The biggest worry is still that Britain will crash out of the European Union without an economic agreement, with talks deadlocked and ...

Bloomberg Aston Martin’s trading debut floundered after investors balked at a valuation that had put the UK luxury carmaker on par with larger and more profitable Italian competitor Ferrari NV. The stock fell as much as 7.5 percent in London on Wednesday from its initial public offering price of 19 pounds ($24.70), a figure that gave the Gaydon, England-based company ...

Dubai / Emirates Business­­­­­ New figures have been released showing that DIFC registered Wills cover real estate worth more than AED 10 billion ($2.7 billion). The DIFC Wills Service Centre statistics come as Cityscape gets underway, with its focus on encouraging visitors to invest in real estate in Dubai and other emirates. Sean Hird, Director of the Wills Service Centre ...

Abu Dhabi / WAM Under the patronage of the Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the first ‘Youth 101’ initiative began on Tuesday in Abu Dhabi, with the attendance of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, under the title, ...