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Bloomberg It took two years, but Home Capital Group Inc shares have regained all their lost ground since the Canadian alternative mortgage lender almost collapsed in 2017. Home Capital has doubled this year to become the sixth-best performing stock on Canada’s benchmark S&P/TSX Composite Index. The Toronto-based lender closed at C$29 on the Toronto Stock Exchange for a market value ...

Bloomberg The European Central Bank (ecb)appointed Imene Rahmouni-Rousseau, a director at the Bank of France, as its next chief of market operations — a key role in implementing monetary policy following the resumption of quantitative easing. Rahmouni-Rousseau will take over as Director General Market Operations on February 1, replacing long-time chief Ulrich Bindseil, who now heads market infrastructure and payments ...

Bloomberg Citigroup Inc said the prospect of rehiring a former trader after he was acquitted of rigging foreign-exchange markets last year is a “non-starter” following the “clearest possible breakdown in trust and confidence.” Rohan Ramchandani was fired after a swift investigation by the bank into his chatroom messages and is suing the bank in an employment tribunal in London, asking ...

Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and the flag carrier of Pakistan, Pakistan International Airlines (PIA), relaunched their codeshare partnership to provide their customers with greater access to both airlines’ trunk routes between the UAE and Pakistan, and on Etihad services across its global network. The codeshare flights will be open for ...

ABU DHABI / WAM Schlumberger on Wednesday signed an agreement with the Abu Dhabi National Oil Company (Adnoc), to support its In-Country Value (ICV), Programme, which is designed to catalyse socio-economic development, improve knowledge-transfer and generate jobs for UAE nationals. Through participation in Adnoc’s ICV Programme, Schlumberger plans to recruit and invest in the training of UAE nationals for the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; and H.H. Sheikh Saif bin Zayed Al Nahyan, ...

ABU DHABI / WAM Egyptian President Abdel Fattah El Sisi arrived in Abu Dhabi on Wednesday on a two-day state visit to the UAE. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, led an entourage of Sheikhs, ministers and senior officials to welcome the Egyptian leader ...

Abu Dhabi / WAM The strategic partnership between the UAE and Egypt in the field of government modernisation has translated the vision of the two countries’ leaderships in developing a common Arab model of government action according to the best international standards. In April 2018, the United Arab Emirates and the Arab Republic of Egypt launched a strategic partnership to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in collaboration with France’s Total, is to deploy drones and unmanned vehicles to collect 3D seismic data as it expands its search for new oil and gas resources throughout the emirate of Abu Dhabi. It will be the first time, in the region, the technology has been used to ...

Dubai / WAM Yousef bin Abdullah Al-Shalash, Chairman of Dar Al-Arkan Real Estate Development Company of Saudi Arabia, on Wednesday rang the market opening bell at Nasdaq Dubai to celebrate the listing of a $600 million sukuk. The listing supports the accelerating development activities of Dar Al-Arkan, one of the Middle East’s leading real estate developers, said a press release ...