Masonry Layout

  Bloomberg Some of Washington’s most persistent lobbyists are racking up big wins, as regulators, members of Congress and even President Donald Trump embrace priorities expressed by the biggest communications companies. Broadcasters are near to gaining renewed freedom to grow through mergers, and telephone providers are poised to dodge rate caps. Each step reverses policies from the Obama era. “It’s ...

  Bloomberg Turkey’s economy grew at a faster pace than anticipated last quarter as households boosted spending, supporting activity following the failed military coup. Gross domestic product expanded 3.5 percent in the October-to-December period, faster than all estimates in a Bloomberg survey of economists, which saw an expansion of 1.9 percent. Seasonally adjusted output rose 3.8 percent from the previous ...

  Bloomberg The International Energy Agency will help support Indian Prime Minister Narendra Modi’s goal to spread solar power to more developing nations, especially those clustered around the Equator. Fatih Birol, executive director of the Paris-based agency that oversees energy policy in industrial nations, said he’s working to encourage financial institutions to support Modi’s program, which was launched at United ...

  Bloomberg China’s official factory gauge climbed to the highest in almost five years, the latest evidence of increasing momentum in the world’s second-largest economy. The manufacturing purchasing managers index increased to 51.8 in March, compared with economist estimates that it would match the November reading of 51.7. The non-manufacturing PMI rose to a two-year high of 55.1 from 54.2 ...

  Abu Dhabi / WAM The profit of Mubadala Development Company (Mubadala) the Abu Dhabi-based investment and development company, increased AED 3.3 billion for the year 2016 from AED 1.2 billion in 2015 and the revenues to AED 31.5 billion from AED29.7 billion. This is primarily due to higher revenues from companies within Mubadala’s semiconductor, aerospace and healthcare portfolios, according to ...

  Abu Dhabi / WAM A total of AED13. 2 billion in cumulative savings were achieved by Abu Dhabi National Energy Company (TAQA) in 2016 thanks to a well-integrated transformation programme, according to a statement released by the company on its 2016 financial results on Thursday. TAQA is a leading global energy company headquartered in Abu Dhabi with operations in 11 ...

  DUBAI / WAM The government of Indonesia on Thursday listed two Sukuk with a total value of US$3 billion on Nasdaq Dubai. The listings raised the total nominal value of all Sukuk listed in Dubai above US$50 billion for the first time, to a global record high of US$52.06 billion. The Indonesian government is the largest issuer on the ...

  Dubai / Emirates Business Aster DM Healthcare, the Dubai based healthcare conglomerate, reported a healthy 2016-17 fiscal year led by its continued expansion and acquisition strategy. Over the past year, the group has expanded its network across GCC as well as India. Aster DM Healthcare also announced the closure of US$295 million, comprehensive group-wide credit facility with Axis Bank. ...

  MOSCOW / AP President Vladimir Putin on Thursday emphatically denied allegations of Russian meddling in the US presidential election and said Moscow would maintain hopes of improving relations while waiting for political infighting in Washington to stop. Putin also said he is ready to meet with President Donald Trump in Finland if that country hosts an Arctic leaders’ summit, ...

  Bloomberg With Indonesia’s tax amnesty coming to an end, authorities are now setting their sights on those who didn’t participate and continue to evade taxes. Officials plan to scrutinize credit-card data from banks and compare those with tax reports after the amnesty program uncovered more than $355 billion in previously undeclared assets. While the participants in the amnesty would ...