News

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Mon, 17 Sep 2018 07:38:48 GMT

Brooge Petroleum plans listing on London SE in October

The UAE's Brooge Petroleum & Gas Investment is planning to list 40% of the company's capital in the London initial public offering in October, its CEO Nicolaas Paardenkooper stated on Sunday.

Mon, 17 Sep 2018 07:34:49 GMT

Qatar's Nebras Power acquiries majority stake in Zon Exploitatie

Qatar's Nebras Power made a purchase of a 75% majority stake in the solar power firm Zon Exploitatie Nederland, according to the Qatar News Agency's report published on Sunday.

Mon, 17 Sep 2018 06:12:38 GMT

US union calls on 50 states to oppose Sprint acquisition by T-Mobile

The Communication Workers of the US labour union urged 50 state attorneys to look into the proposed T-Mobile's purchase of its rival Sprint due to antitrust concerns and potential job losses.

Mon, 17 Sep 2018 06:08:24 GMT

ADFG proposes revised offer for Abraaj's ME funds

Abu Dhabi Financial Group has offered a revised bid to buy Abraaj's Middle East funds; however, ADFG sees the deal unlikely to materialise, according to its letter to investors.

Mon, 17 Sep 2018 05:37:32 GMT

India's Flipkart coniders buying Hotstar's stake

India's Flipkart is in negotiations to acquire a stake in Hotstar, Star India's video streaming platform, according to a Mint report published on Monday.

Mon, 17 Sep 2018 05:32:19 GMT

Kinder Morgan picks TD for Canadian business sale

Kinder Morgan hired TD Securities, the investment bank, to sell its Canada's business that could be valued at as much as $1.8B, sources familiar with the matter reported.

Mon, 17 Sep 2018 03:32:50 GMT

Britain's consumer spending growth fastest since January

The UK consumer spending grew over the three-month period to August at the strongest pace since January, adding to signs that the economy picked up steam this year, a survey from Visa revealed

Mon, 17 Sep 2018 03:27:26 GMT

Meredith to sell Time to Lynne and Marc Benioff

Meredith Corp stated that the company entered into a definitive deal to sell the Time media brand to Lynne and Marc Benioff for $190M in cash.

Mon, 17 Sep 2018 02:33:45 GMT

Britain's consumers most optimistic since 2015

The UK households' confidence over their financial situation remained at the highest level since 2015 this month, as concerns about inflation eased, a survey revealed.

Mon, 17 Sep 2018 02:30:16 GMT

China CB injects $38.58B via one-year MLF

The People's Bank of China stated that the Bank lent $38.58B to financial institutions via the one-year medium-term lending facility with rates unchanged.

Sun, 16 Sep 2018 20:01:54 GMT

Erdogan and Putin plan to discuss Syrian issues

On Sunday, the Kremlin said that Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin plan to discuss Syrian issues in Sochi Russia.

Sun, 16 Sep 2018 19:08:12 GMT

Eritrean and Ethiopian leaders sign peace deal in Jeddah

On Sunday, Eritrea's President Isaias Afwerki and Ethiopian Prime Minister Abiy Ahmed have signed a peace deal in Saudi Arabia.

Sun, 16 Sep 2018 19:07:04 GMT

Le Pen urges populist parties to unite against establishment

On Sunday, Marine Le Pen, the French far-right leader, urged populist parties in Europe to unite against the left-wing establishment in next year's European Parliament elections.

Sun, 16 Sep 2018 19:06:28 GMT

Kurz: Germany and Austria agree to avoid No Brexit deal

On Sunday, German Chancellor Angela Merkel and Austrian Chancellor Sebastian Kurz said that Austria and Germany have agreed on a need to avoid Britain leaving the European Union without a trade deal.

Sun, 16 Sep 2018 18:02:48 GMT

EFCC wants HSBC to repatriate loot

On Sunday, the Economic and Finance Crimes Commission of Nigeria said that it wouldn't rest until HSBC repatriate all stolen money by former Nigerian leaders.

Sun, 16 Sep 2018 18:02:38 GMT

Kavanaugh denies sexual misconduct allegation

Brett Kavanaugh, the US Supreme Court nominee, has denied a sexual abuse allegation made against him.

Sun, 16 Sep 2018 17:05:13 GMT

Retired property investors to get UAE residency

On Sunday, the government of the United Arab Emirates has approved a law that allows retired property investors to stay in the country.

Sun, 16 Sep 2018 17:03:28 GMT

Syrian votes in first local elections since 2011

On Sunday, Syrians in the government-controlled regions cast their votes in their first local elections since 2011.

Sun, 16 Sep 2018 15:51:28 GMT

Aston Martin CEO: no deal for Brexit is disaster for industry

On Sunday, the Chief Executive Officer of Aston Martin Andy Palmer claimed that Brexit without a deal between the UK and the EU will be a disaster for the car industry in Europe and in the UK.

Sun, 16 Sep 2018 15:51:11 GMT

Britain's Gove: Post-Brexit PM could change EU relationship

On Sunday, the Conservative Member of the UK Parliament Michael Gove claimed that the next Prime Minister of the UK who would take the post after Brexit could change the relationship between the UK and the EU.

Sun, 16 Sep 2018 14:51:44 GMT

Cathay Pacific cancels 400 flights because of typhoon

Hong-Kong based airlines Cathay Pacific Airways Ltd have cancelled over 400 flights over the next three days because of the Super Typhoon Mangkhut approaching Hong Kong.

Sun, 16 Sep 2018 14:51:18 GMT

Macau freezes casino operations due to typhoon

The government of Macau said that all casino-related operations in the largest gambling hub in the world need to be frozen because of the upcoming Typhoon Mangkhut. 

Sun, 16 Sep 2018 13:56:21 GMT

UK PM May says she will not back off her Brexit plan

On Sunday, the Prime Minister of the UK Theresa May claimed that she will not back off her plans for departure of the UK from the EU despite the criticism from the Conservative party. 

Sun, 16 Sep 2018 13:51:42 GMT

Go-Jek plans to attract $2B in funds

Indonesian ride-hailing start-up Go-Jek, which has been previously backed by Tencent Holdings, Warburg Pincus and Temasek Holdings, is in talks to attract $2B of funds to accelerate overseas expansion.

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