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UAE foreign ownership law more limited than you think

UAE foreign ownership law more limited than you think

A landmark law that will allow foreign investors to own 100% of companies in the UAE will be limited to specific industries deemed essential to the second-biggest Arab economy, a government official said.

S Korea gas focus to benefit top LNG supplier Qatar: BMI

S Korea gas focus to benefit top LNG supplier Qatar: BMI

South Korea’s efforts to wean the national energy mix off coal and nuclear energy in favour of natural gas and renewables will benefit the country’s largest LNG supplier, Qatar, a new report has shown.

Former Malaysia govt used central bank, sovereign fund deals for 1MDB dues

Former Malaysia govt used central bank, sovereign fund deals for 1MDB dues

The government of former Malaysian Prime Minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters.

RBA chief warns over China debt risk

RBA chief warns over China debt risk

Australia’s central bank chief has warned China’s mounting debt poses a grave economic threat, with broadening trade ties between the two countries exposing more industries to the risk.

BoK holds rates steady as inflation trails target

BoK holds rates steady as inflation trails target

The Bank of Korea held interest rates steady for a sixth straight month yesterday, with inflation seen remaining below target and trade frictions between the United States and China raising fears of collateral damage to other export-reliant Asian economies.

Tight supply weighs on US home sales; job market strengthening

Tight supply weighs on US home sales; job market strengthening

US home sales tumbled in April as an acute shortage of properties limited choices for potential buyers, the latest sign that the housing market was struggling to regain momentum.

For BI chief, it’s a trial by fire

For BI chief, it’s a trial by fire

A central bank chief’s first day on the job doesn’t get much tougher than this.

Merkel woos China as Trump poses new trade challenge

Merkel woos China as Trump poses new trade challenge

China said yesterday it would “open its door wider” to German businesses, giving a warm reception to visiting Chancellor Angela Merkel, who has wooed Beijing to counterbalance trade threats from US President Donald Trump.

Saudi Binladin Group ‘to be slimmed down, renamed’

Saudi Binladin Group ‘to be slimmed down, renamed’

Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an anti-graft drive.

Turkish lira weakens sharply, surrendering some post-rate hike gains

Turkish lira weakens sharply, surrendering some post-rate hike gains

Turkey’s lira weakened more than 3% yesterday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off.

Saudi’s $80 oil goal eating into Modi’s budget before the polls

Saudi’s $80 oil goal eating into Modi’s budget before the polls

Prime Minister Narendra Modi completes four years in office on May 26.

Global stocks fall on N Korea, new Trump trade worries

Global stocks fall on N Korea, new Trump trade worries

Stock markets fell yesterday, hit by the decision by US President Donald Trump to call off a planned summit with North Korea, as well as concerns over a new transatlantic trade conflict as the US mulls tariffs on car imports.

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