Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Diageo has launched a $500mn cost-cutting programme to lower its debt burden as the spirits giant reported a sales boost driven by US distributors stockpiling in anticipation of President Donald Trump’s tariffs. The Johnnie Walker and Guinness maker has come under pressure from investors to lower its costs and reduce its leverage, as sluggish demand hit alcohol sales and wider concerns around falling alcohol consumption weighed on the company’s share price. Diageo’s net sales rose 2.9 per cent to $4.4bn in the…
Image credit: Getty Images The investment firm, Dubai Holding said on Monday it will raise the size of residential REIT’s initial public offering to 15 per cent of issued unit capital, up from the earlier plan of 12.5 per cent. One of the largest landowners and real estate developers in the UAE, the company is offering a stake in its REIT at a price ranging from Dh1.07 to Dh1.10 per unit. Read-Dubai Residential REIT sets IPO price range, eyes up to Dhs1.79bn raise Based on revised offering size, it is seeking to raise up to Dh2.15bn ($585.45m), the company said.…
Mohamed El-Erian, the former chief executive of bond giant Pimco and Allianz’s chief economic adviser, said the era of U.S. exceptionalism isn’t conclusively over. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ryanair has warned its growth will slow this year because of delayed deliveries of Boeing aircraft, as it reported a fall in profits because of lower ticket prices last year. Europe’s largest low-cost airline on Monday forecast that passenger numbers would increase 3 per cent to 203mn by March 2026, well behind its original 215mn target, which it has repeatedly lowered. Despite the challenges, chief executive Michael O’Leary is closing in on share options worth about €100mn if the airline’s share price…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Moody’s lowered the US’s credit rating to Aa1 from the top AAA on Friday. This marks the first time in history the US government doesn’t have a triple-A credit rating from any of the big three major rating agencies. So far, 10-year Treasury yields have only risen 4 basis points. Will the calm last today? Email us: robert.armstrong@ft.com, aiden.reiter@ft.com and hakyung.kim@ft.com. US and Chinese market…
Image credit: WAM/Website Dubai’s Roads and Transport Authority (RTA) continues its drive to expand the use of smart systems and artificial intelligence in the public bus service, enhancing the overall efficiency of the emirate’s mass transit network. Read-Dubai driver’s license: What you really need to know This was highlighted in a statement by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai’s RTA, according to a WAM report. Public Bus: Service coverage and daily trips The integration of AI and smart systems has improved operational performance, reduced costs, enhanced adherence to schedules, and increased customer…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: Donald Trump’s trade war risks sparking capital flight from the US as the president’s unpredictable tariff policies cause “enormous” damage, hedge fund Elliott Management has warned.And one podcast: Sir Chris Hohn, founder of The Children’s Investment Fund Management, is the…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Pro-EU centrist Nicuşor Dan has won Romania’s election in a stunning upset over his ultranationalist Eurosceptic opponent. The mayor of Bucharest rode a surge in turnout to claim more than 54 per cent of the vote. Dan’s in-tray is large and daunting, but his victory is a major fillip for the country’s EU and Nato allies that were…
bu Dhabi National Oil Company (ADNOC) has awarded contracts worth Dhs65.7bn ($17.9bn) to nearly 400 local suppliers, contractors, and service providers in the first half of 2025, the company announced on Sunday. The contract awards span key sectors including drilling, logistics, operational support services, and engineering, procurement and construction (EPC). They form part of ADNOC’s broader strategy to use its procurement power to stimulate private sector growth and reinforce national supply chains under its In-Country Value (ICV) programme. “The award of commercial contracts valued at Dhs65.7bn to a wide range of local suppliers emphasises the extent to which ADNOC’s In-Country…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU will need to spend at least €10bn more than last year to refill its gas stores ahead of winter, after the first cold season in four years left its reserves heavily depleted. Following Russia’s full-scale invasion of Ukraine in 2022, the bloc agreed to refill storage to 90 per cent of capacity each summer, to avoid disruptions in the colder months. After this winter Europe’s gas tanks were two-thirds empty in March, requiring a significant effort and cost over the summer…