Beirut: Lebanese Eurobonds maturing in March dropped the most on record as the threat of a downgrade to near default added to selling pressure. The bond tumbled about 7 cents on Friday to 80 cents on the dollar, the biggest daily decline on record for the country’s 2020 notes and approaching a record-low reached in […]
Beijing: Chinese manufacturers offered the biggest support to the country’s economic stabilisation in the last three months of 2019, thanks to easing trade tensions and improving global demand. Output in industrial enterprises rose 5.9 per cent from the same period in 2018, the National Bureau of Statistics said on Saturday, bouncing back from an almost […]
Sheikh Mohamed said the UAE and Germany were major strategic partners.
Sheikh Hamdan congratulated the top three entities identified as the best performers in the Index.
Another unidentified woman is reported to be seriously hurt.
The deal signed between the U.S. and China brings a pause in the trade war between the world’s two largest economies. However, it promises some actions China has already taken and skepticism remains as to whether the nation can buy an additional $200 billion in goods and services, including $95 billion in commodities. To achieve […]
LONDON: Lebanon’s precarious finances mean the crisis-hit country looks likely to default on its debt in some way and could even launch a Cyprus-style grab for savers’ bank accounts, Fitch’s top sovereign analyst said. Lebanon’s debt problems have jumped back into focus this week after reports emerged of a bid by authorities there to try […]
Dubai: Al Hilal Bank, a unit of Abu Dhabi Commercial Bank (ADCB), on Thursday agreed to sell its Islamic insurance business and operations Al Hilal Takaful to Siraj Holding LLC. The transaction is expected to be completed during the first quarter of 2020, subject to the necessary regulatory approval, the lender said in a statement, […]
The announcement has been made by Sheikh Hamdan.
The conditions are expected to be cloudy through the week.