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ABU DHABI / WAM The eighth edition of the World Investment Forum (WIF) kicked off in Abu Dhabi on Monday, with the participation of over 7,000 investment stakeholders from 160 countries. The forum brings together a distinguished group of leaders, heads of state, decision-makers, business leaders, senior executives of multinational companies, and representatives of civil society from around the world. ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with José Ramos-Horta, President of the Democratic Republic of Timor-Leste, in Abu Dhabi. During the meeting, Sheikh Abdullah and President Ramos-Horta discussed friendly relations and ways to enhance bilateral cooperation in various fields, including economic, trade, and investment, all aimed at serving the ...

BLOOMBERG China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans. The People’s Bank of China added a net 289 billion yuan ($39.6 billion) into the financial system via the so-called medium-term lending facility, the largest monthly injection since December 2020. At the ...

BLOOMBERG Citigroup Inc has hired Credit Suisse investment banker Scott Bardo as it seeks to beef up its ranks of health-care dealmakers. Bardo is set to join Citigroup as a managing director and head of medical technology, life sciences tools and diagnostics for Europe, the Middle East and Africa, according to an internal memo seen by Bloomberg News. He will ...

BLOOMBERG Mitsubishi UFJ (MUFJ) Financial Group  Inc has mandated banks to sell dollar-denominated Additional Tier 1 bonds, in what looks set to be the first such offering in the US currency by any Japanese lender. The nation’s banks have long issued AT1 notes in yen because of lower borrowing costs. But they may consider selling such debt in dollars to ...

BLOOMBERG DBS Group Holdings and Citigroup said banking facilities have resumed following a disruption that prevented customers from fulfilling transactions across various platforms. Services are working again after a technical issue at an Equinix Inc data centre used by the lenders was resolved. Payment services were down for several hours, and customers cited the inability to use their cards, access ...

BLOOMBERG The blistering rally in Japanese stocks has unfairly benefited companies that are flouting the bourse’s campaign to boost valuations, creating a major short opportunity, according to a top-performing hedge fund manager. Reform efforts have been touted as one reason for Japan’s world-beating gains this year, but even some “bad governance” companies have been riding the wave, according to Zuhair ...

BLOOMBERG European stocks pared early gains and were steady as traders weighed diplomatic efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict and braced for the start of earnings season. The Stoxx Europe 600 was little changed in London on Monday, with miners and energy stocks leading gains. Utilities fell and tech stocks also ...

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, in the presence of H.H. Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has witnessed the opening of the 8th World Investment Forum, organised by the ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with Australian Foreign Minister, Penny Wong, over the phone, the successive developments in the Middle East region, ways to reduce escalation and enhance the humanitarian response to the needs of civilians affected by the current crisis. During the conversation, the two ministers tackled regional and international ...