Friday, December 13, 2019
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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...

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...

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...

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...

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...
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...

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...
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...

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...

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...