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Bloomberg Portuguese Finance Minister Mario Centeno expects greater demand for his nation’s debt from a broader array of investors to spur lower borrowing costs both for the government and corporations, after the country’s credit rating was restored to investment grade status by S&P Global Ratings. “This has a very significant impact,” Centeno said in a telephone interview. “It allows a ...

Bloomberg Could a Cardiff, Wales-based wafer company be the next big thing for UK technology investors? Investors trying to sniff out hidden Apple Inc. suppliers are betting on it, sending the shares of IQE Plc up more than 300 percent this year. The company is the second-best performer in the FTSE AIM 100 Index year-to-date and has also beaten every ...

Bloomberg ­­­­­­­­­­­­­­­ UK lawmakers called for Foreign Secretary Boris Johnson to be fired after he threw himself back into the Brexit debate with a newspaper article that was seen as undercutting Prime Minister Theresa May days before she is set to refresh her own strategy for the split. Writing in the Daily Telegraph a day after a failed bomb attack ...

Bloomberg Mandarin Oriental International Ltd. has received interest from potential buyers of the Excelsior hotel in Hong Kong in what would be a test of the resilience of demand for the city’s commercial real-estate assets that has sent prices soaring. There were at least five bids for the property valued at $3.8 billion, including a Chinese-backed consortium of Sun Hung ...

Bloomberg Toshiba Corp. is aiming to finalise a deal to sell its memory chips business to a group led by Bain Capital at a September 20 board meeting, despite opposition from partner Western Digital Corp., according to people familiar with the matter. Toshiba’s effort faces resistance because the Bain group now includes several Western Digital competitors, including Seagate Technology Plc, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the largest single-site Concentrated Solar Power (CSP) project in the world, which will be built at a total cost of AED14.2 billion. The CSP project, which represents the fourth phase of the Mohammed bin Rashid Al ...

Dubai / Emirates Business Dubai Land Department (DLD) announced that it signed an agreement with Mashreq Bank concerning banking solutions for the transaction services of the ‘Tarweej’ real estate promotion initiative. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq Bank. Commenting on the ...

Sharjah / WAM The National Media Council (NMC), and the Emirates Publishers Association (EPA), held a meeting to discuss the future of the UAE and global publishing industry. Hosted in Multaqa Al Qasba, Sharjah, the discussion explored the means for future collaboration between the two bodies that would help the publishing sectors in the UAE and abroad to develop their ...

DUBAI / Emirates Business The Middle East’s dedicated trade fair for intralogistics, supply chain management, freight and cargo concluded recently, bringing a successful end to three-days of busy networking and discussions of the latest trends and innovations in the market today. Materials Handling Middle East 2017 featured 126 exhibitors from 21 countries, and welcomed 3,300 visitors from 50 countries at ...

Bloomberg ­­­­­­­­­­­­­­­ President Donald Trump will embark on a whirlwind series of meetings next week at the United Nations General Assembly to make two big asks of the world: Stand with us against North Korea, and hold the line against Iran’s nuclear programme. Over the course of four days, beginning on Monday, Trump will engage in a speed round of ...