Arabtec confirms talks to appoint UBS to advise on merger

Dubai: Arabtec Holding confirmed on Tuesday that it is in talks to appoint Swiss investment bank UBS as a financial adviser on its merger talks. The confirmation comes after a Reuters report on Thursday said Arabtec has appointed UBS and Dubai-based Shuaa Capital as advisers on its potential merger with Trojan Holding. Arabtec named UBS […]

Gold to extend rally in 2020 as retail investors climb on board

London: The next push in gold prices will come from retail investors as risks remain skewed to the upside, according to Standard Chartered Bank. Having already rallied to the highest in more than six years, bullion will still benefit from safe haven flows, according to Suki Cooper, precious metals analyst at the bank. Prices will […]