Friday, December 13, 2019
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BLME Team

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Beyond Aramco: IPOs from Milk to Pharma in The Mideast Today

(Bloomberg) --As the eyes of the world were on the blockbuster market debut of Saudi Aramco, two much smaller Middle East stock listings snuck...
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Wizz Air Aims to Shake Up Abu Dhabi With New Discount Carrier

(Bloomberg) --Airline competition is hotting up in Abu Dhabi, with European discount specialist Wizz Air Holdings Plc planning a new carrier in the Mideast...
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Palladium Is Now More Expensive Than Gold Has Ever Been

(Bloomberg) --Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold. Spot palladium...
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Turkey Surprises With Big Rate Cut Again as Erdogan Won’t Let Up

(Bloomberg) -- The Turkish central bank delivered another interest-rate cut that exceeded forecasts, emboldened by the lira’s stability and egged on by President Recep...
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Aramco Closes Just Below $2 Trillion Goal in Second-Day Gain

(Bloomberg) --Saudi Aramco shares rose for a second day, with the oil giant’s market value at times surpassing the $2 trillion mark that alienated...
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Rolls-Royce awarded a unit of Mubadala Investment, Sanad Aerotech, a $6.5 billion contract to service engines that power the Airbus SE A330 jetliner.

Mubadala Capital Seeks to Double Third-Party Funds to $6 Billion

(Bloomberg) --Mubadala Capital, the investment arm of the Abu Dhabi sovereign wealth fund, is seeking to double the assets it manages for third-party investors. “One...
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HBO’s Final Season of ‘Silicon Valley’ Has Some Serious Points About Big Tech

(Bloomberg Opinion) --The sixth and final season of the HBO comedy show “Silicon Valley” — which concluded, sadly, on Sunday — begins with a...
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dubai financial centre

Dubai Bankers Club Seeks Turnaround After Members Dwindle

(Bloomberg) --Dubai financial district’s members-only business club is seeking money to turnaround the exclusive meeting spot once-favored by the city’s top dealmakers. Capital Club Dubai...
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Saudi Arabia May Tap Debt Market in January to Cover Deficit

(Bloomberg) --Saudi Arabia may tap international debt markets as early as next month as it seeks funding to help bridge its widening budget deficit. Most...
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YouTube Outlaws Insults Based on Race and Sex, With Caveats

(Bloomberg) --Google’s YouTube video service expanded its definition of banned speech after months of criticism, saying it will now remove clips and comments that...
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