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DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), awarded contracts valued at AED1.130 billion to various companies in 2019, as part of the development of district cooling infrastructure in Dubai. The contracts included engineering consultancy; plant and other constructions, design and operation of cooling plants; expansion of district cooling pipe network; development of new networks to serve the latest …

Bloomberg India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund (IMF) said. While the national government has a budget deficit target of 3.3% of gross domestic product (GDP) in the year through March, a better reflection of …

Abu Dhabi / WAM Etihad Airways has announced that it will operate its seasonal routes from Abu Dhabi to Alexandria, Egypt, and Salalah, Oman, between June 25 to September 15, 2020. Due to the success of the routes in 2019, the period of operation has been extended by three weeks and a new fifth weekly service introduced on both routes …

Bloomberg Stocks and bonds were steady across much of the world alongside US equity futures with trading muted on Christmas Eve. Treasuries nudged higher with the dollar. Shares fluctuated in London and Paris, while they edged lower in Madrid. Markets in Germany and other parts of Europe were closed. Equities ended little changed in Tokyo and Sydney on thin volume, …

Bloomberg NTPC Ltd is the world’s most-loved power producer by equity analysts, and yet the shares of India’s largest utility are trading near a 10-month low. What gives? The New Delhi-based company is the top rated stock among the world’s largest utilities, with a recommendation consensus of 4.9 on a Bloomberg scale where 5 is a unanimous buy. Analysts expect …

Bloomberg Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. …

Bloomberg London commercial real estate deals look set to pick up in 2020, with the political uncertainty that has plagued the market for more than three years finally starting to lift. UK Prime Minister Boris Johnson has a commanding majority in Parliament after his Conservative Party’s election triumph, allowing him to push through his Brexit deal and make good on …

Bloomberg Wall Street sleuths are wondering whether the Federal Reserve is quietly doing more to calm the US repo market than just the headline-grabbing liquidity injections that have captivated observers for months. The New York Fed runs something called the foreign reverse repo pool, a place where other nations’ central banks can park cash. The amount outstanding has shrunk by …

Bloomberg India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund (IMF) said. While the national government has a budget deficit target of 3.3% of gross domestic product in the year through March, a better reflection of the …

Bloomberg Troubled Chinese conglomerate HNA Group Co repaid a 1.3 billion yuan ($185 million) bond due on Tuesday, according to people familiar with the matter, avoiding what could have been its first default on a publicly issued note. HNA’s move is the latest of a series of developments that have helped calm frayed nerves in China’s debt markets in recent …