Author: Arabian Media staff

Image: Supplied Emirates Development Bank (EDB) has launched a Dhs1bn ($272m) equity fund aimed at supporting the growth and global competitiveness of small and medium-sized enterprises (SMEs) in the UAE Announced during the fourth edition of the ‘Make it in the Emirates’ forum, the Emirates Growth Fund (EGF) will target UAE-based SMEs operating in priority sectors including manufacturing, healthcare, food security, and advanced technology. The fund is designed to address a critical financing gap for companies that have moved beyond the early stage but are not yet large enough to attract traditional private equity. Investments will range from Dhs10m to…

Contemporary Amperex Technology Co., the world’s largest maker of electric batteries, saw its shares rise as much as 18% on Tuesday after raising $4.6 billion in the top initial public offering of the year — and it mostly excluded Americans from participating. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe chief executive of one of the world’s largest generic drugmakers has called on Donald Trump to tackle “lazy patent expansion” to cut the US drug bill, as the US president pushes to lower medicine prices for Americans. Richard Saynor, chief executive of Switzerland’s Sandoz, said he backed the intention of the administration’s “most favoured nation” policy — where it is seeking to cut prescription drug prices to the lowest level paid by other rich countries — but said more focus…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nine years after the Brexit referendum, the howls of “surrender” from Britain’s political right over the Labour government’s reset with the EU shows how divisive, and cloaked in misinformation, the issue remains. The agreement is not a massive sellout. Neither is it, in sum, a massive deal. It is, though — like the UK’s recent trade pacts with India and the US — a worthwhile step. Its importance is above all symbolic: the first big UK-wide agreement with the EU since Brexit…

The UK wants a technological revolution in healthcare but complex information systems will make that hard to deliver Source link

The EU and UK have announced a “reset” of their relationship some four years after the original post-Brexit Trade and Cooperation Agreement between the two sides came into force. The three-part deal includes commitments to work together on a new security and defence partnership and measures to improve trade in agrifoods and electricity. Overall economic impactSir Keir Starmer said the reset deal would boost the economy by £9bn a year by 2040, but analysts said this would only recoup a tiny fraction of the costs of Brexit.The Office for Budget Responsibility continues to forecast that Brexit will have a 4 per cent…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The value of French grocer Casino’s debt has slumped to deeply distressed levels, as fears grow that continued weak earnings could trigger a breach of its loan covenants next year.Casino, which has lost market share to rivals in France’s crowded food retail sector, has come under renewed pressure from debt markets in recent weeks, with traders now quoting a €1.4bn secured loan at 61 cents on the euro.The deep discount to face value suggests lenders are braced for the prospect of steep…

US tariffs have sent financial markets into a frenzy in recent weeks, but how much should central bankers be taking trade into account when setting monetary policy? To find out, Soumaya Keynes sits down with Bank of England Monetary Policy Committee member Swati Dhingra – one of the committee’s more dovish members. They discuss why the UK’s open economy makes it more vulnerable to trade shocks, what Dhingra saw in the data that her MPC colleagues didn’t, and why she didn’t vote for an (even) sharper rate cut earlier this month.Further reading:Two BoE policymakers warn against rushing to further cut…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJapan’s Nippon Steel has quadrupled its investment pledge in US Steel over the next few years in a major push to win over President Donald Trump and gain approval for the politically fraught takeover.Nippon, whose bid for the American company was blocked by his predecessor Joe Biden and opposed by Trump on the campaign trail, has bumped up its capital commitment to $11bn by 2028, according to two people familiar with the matter.The Japanese company has also promised to add…

Starmer’s big concession on fishing came as bloc offered better trade terms for British food exporters Source link