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  Bloomberg Luis Esguevillas, a senior equity capital markets (ECM) banker at Citigroup Inc. in Europe, is leaving the bank after almost 20 years. Citigroup announced his departure in an internal memo seen by Bloomberg News. During his time at the bank, London-based Esguevillas led its ECM business in regions including Iberia, Italy, France and South Africa. Prior to joining ...

  Bloomberg India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America Corp’s top executives in the country. Deals and investments will continue to flow into areas such as electric vehicles and green hydrogen, Kaku Nakhate, the lender’s president ...

  Bloomberg US equity-index futures fluctuated between gains and losses as investors debated whether inflation had eased enough to encourage the Federal Reserve to slow monetary tightening. Contracts on the S&P 500 and Nasdaq 100 index rose about 0.1% each after the rally in US stocks on the back of a fifth month of decline in consumer-price growth. Treasuries rallied ...

  Bloomberg The selloff in Tesla Inc shares that accelerated after the electric-vehicle maker was reported last week to be planning to temporarily suspend output at its Shanghai factory pushed the company’s market valuation briefly below the coveted half-trillion-dollar mark. Shares of the EV industry leader have been in a freefall over the past few months, sinking nearly 40% since ...

Bloomberg  The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a UN report that signalled a slowdown heading into 2023. “The substantial trade growth during the last year was largely due to increases in the value of the trade of energy products,” the United ...

Dubai / WAM Chairman of the UAE Banks Federation (UAEBF), Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes that over the recent years have posed challenges to the global economy. He made the statements as he addressed the fourth meeting held by the CEOs of the ...

Dubai / WAM Li Xuhang, Consul-General of the People’s Republic of China, on Tuesday rang the market opening bell to celebrate the listing of $300 million bonds on Nasdaq Dubai. This is the second time that the Bank of China is listing its bonds on the region’s international financial exchange, following the listing of CNH 2 billion bonds in 2015. ...

Sharjah / WAM Beeah group, the Middle East’s sustainability pioneer, Chinook Sciences, UK’s innovator in waste to fuel technologies, and Air Water, a Japanese conglomerate with businesses relating to natural resources and industrial gas production, signed an MoU to produce fuel cell grade hydrogen from waste wood and plastic. The MoU signed in Japan is a first step in forming ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched its strategy to explore the future of the tax sector and strive for world-leading tax procedures. The strategy is built on a thorough assessment and follows comprehensive plans developed to map out the future of the UAE tax system, in line with international best practices. In a press ...

  Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...