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Dubai / WAM Abdullah AlLanqawi, General Manager and Treasurer of Ahli United Bank (AUB) Kuwait, on Tuesday rang the Nasdaq Dubai market opening bell to celebrate the listing of a $600 million sukuk issued by the bank. The new listing has increased the total value of debt issuances listed on Nasdaq Dubai by Kuwaiti issuers to $1.51 billion. It has ...

Dubai / WAM Emirates SkyCargo flew 100 tonnes of relief materials free of charge from Dubai to India during a three week period in May 2021 to support the Indian community to battle the second wave of the Covid-19 pandemic. Under the Emirates India Humanitarian Airbridge, Emirates donated cargo capacity to transport essential supplies such as relief tents and thousands ...

The shift under way in global monetary policy is more subtle evolution than revolution. For all the talk about a pivot toward higher interest rates, conditions are likely to remain relatively lax for years to come in the economies that matter most. Central banks are unlikely to engage in new aggressive approaches to spurring growth and buttressing markets; the global ...

Facebook Inc investors celebrated the social media giant’s court victory in two major antitrust lawsuits by driving the company’s market value above $1 trillion for the first time. But a closer look at the judge’s decision reveals it may just delay the eventual reckoning. It is not an “all-clear” ruling. US District Judge James Boasberg granted Facebook’s request to dismiss ...

French presidential careers tend to begin euphorically, screech to a halt in the face of protests over promises becoming policy and end somewhere between indifference and contempt when voters bring out the ballot-box equivalent of the guillotine. The results of regional elections seemed to prove the pattern. President Emmanuel Macron’s party racked up a humiliating defeat less than a year ...

As US troops prepare to leave Afghanistan after nearly 20 years of combat, the situation on the ground could hardly be more disheartening. Taliban insurgents are already racking up battlefield gains; deprived of US close air support and help maintaining its equipment, the Afghan military may well crumble against concerted onslaught. Al-Qaeda maintains ties to the Taliban and could pose ...

Bloomberg Jacob Zuma, who’s been repeatedly implicated in aiding and abetting the plunder of state funds during the near decade he led South Africa, was sentenced to 15 months in jail for defying a court order to testify at a graft inquiry. The Constitutional Court ruled in January that Zuma had to respond to questions from a judicial commission headed ...

Bloomberg Ethiopia’s government began implementing a cease-fire in the war-ravaged Tigray after rebel fighters entered the state capital and celebrated retaking the city. The announcement came after widespread reports that Ethiopia’s national army incurred heavy losses in several locations across the region and were pushed back in multiple locations after the Tigrayan rebels changed strategy and began an offensive after ...

Bloomberg Japan’s No 2 defense official laid out the increasing threats he sees from a more assertive China, including longer-range missiles and more frequent airspace incursions, as the US ally moves to boost defense spending to help counter Beijing. “It’s already possible for them to aim at the East Coast and the White House,” Yasuhide Nakayama, Japan’s state minister of ...

Bloomberg A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead. The new institution, which is set to start operations by the end of June, is likely to handle stressed debt worth $27 billion over time, according to a BloombergQuint ...