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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, ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has been named as the best government entity in the emirate for the provision of ‘Smart Services’ by Abu Dhabi’s Smart Solutions and Services Authority (ADSSSA). The Institutional Maturity Index, which is rated by ADSSSA, assessed 24 of DCT Abu Dhabi’s ‘Smart Services’, ...

BREMEN / WAM UAE Space Agency (UAESA), Nasa signed an Implementing Arrangement (IA) that outlines cooperation across a range of areas related to space exploration and human spaceflight. The document was signed by Dr. Ahmad bin Abdullah Humaid Belhoul Al Falasi, Cabinet Member and Minister of State for Higher Education and Advanced Skills, and Chairman of the UAE Space Agency, ...

Bloomberg The US accused China’s navy of “unsafe and unprofessional” conduct near a Chinese occupied reef in the disputed South China Sea, in the latest show of tensions between the countries amid their escalating trade war. A US Navy vessel, the USS Decatur, was sailing “in the vicinity” of Gaven Reef on Sunday, when a Chinese destroyer confronted it with ...

Bloomberg Axiata Group Bhd.’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals. Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd. and Keppel Corp. to buy out its stake in M1 Ltd., the latest in a series ...

Bloomberg Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years as sentiment towards emerging-nation assets soured and oil prices jumped. The currency has tumbled almost 10 percent this year as rising US interest rates have boosted the dollar and Indonesia’s current-account deficit has left the economy exposed to the financial turmoil that afflicted Turkey and ...

Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...

Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...