FOMC: The wait continues | Authers' Note - YouTube: ""
'via Blog this'
Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Friday, 18 September 2015
UAE oil and gas jobs on the wane amid price rout and regional security concerns | The National
UAE oil and gas jobs on the wane amid price rout and regional security concerns | The National:
"Recruitment is waning in the UAE’s oil and gas sector amid the oil price rout and regional security concerns, a new report says.
According to the Monster Employment Index report for last month, the index reading for online listings of oil and gas jobs in the UAE fell about 30 per cent to 73 from 103 in August last year.
In the Middle East, hydrocarbons industry job postings declined 21 per cent."
'via Blog this'
"Recruitment is waning in the UAE’s oil and gas sector amid the oil price rout and regional security concerns, a new report says.
According to the Monster Employment Index report for last month, the index reading for online listings of oil and gas jobs in the UAE fell about 30 per cent to 73 from 103 in August last year.
In the Middle East, hydrocarbons industry job postings declined 21 per cent."
'via Blog this'
Mubadala’s net profits down 53% in H1 | GulfNews.com
Mubadala’s net profits down 53% in H1 | GulfNews.com:
"Mubadala Development Company (Mubadala) on Thursday reported Dh625.5 million in net profits in the first half of 2015, marking a 53.4 per cent drop from the Dh1.3 billion reported in the same period in 2014 as increased income from investments was offset by higher costs.
Meanwhile, revenues were almost flat, with Dh15.9 billion recorded in the first half of the year compared to the Dh16 billion in the same period last year, the Abu Dhabi state-owned investment fund said in a statement.
The plunge in net profits stems from lower commodity prices, with Mubadala recording Dh2.6 billion in energy revenue in H1 2015 — down from the Dh3.1 billion recorded in H1 2014."
'via Blog this'
"Mubadala Development Company (Mubadala) on Thursday reported Dh625.5 million in net profits in the first half of 2015, marking a 53.4 per cent drop from the Dh1.3 billion reported in the same period in 2014 as increased income from investments was offset by higher costs.
Meanwhile, revenues were almost flat, with Dh15.9 billion recorded in the first half of the year compared to the Dh16 billion in the same period last year, the Abu Dhabi state-owned investment fund said in a statement.
The plunge in net profits stems from lower commodity prices, with Mubadala recording Dh2.6 billion in energy revenue in H1 2015 — down from the Dh3.1 billion recorded in H1 2014."
'via Blog this'
HSBC Bank Middle East to move place of incorporation to DIFC | GulfNews.com
HSBC Bank Middle East to move place of incorporation to DIFC | GulfNews.com:
"HSBC Middle East Limited (HBME) in official filings to London Stock Exchange and Irish Stock Exchange on Thursday said it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre.
“HBME, an indirect wholly-owned subsidiary of HSBC Holdings plc, which is currently incorporated and has its head office in Jersey, confirms that it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre. This is subject to regulatory and all other applicable approvals,” the bank said in a statement.
Following the relocation, HBME will be lead-regulated by the Dubai Financial Services Authority (DFSA). This relocation is expected to complete during 2016."
'via Blog this'
"HSBC Middle East Limited (HBME) in official filings to London Stock Exchange and Irish Stock Exchange on Thursday said it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre.
“HBME, an indirect wholly-owned subsidiary of HSBC Holdings plc, which is currently incorporated and has its head office in Jersey, confirms that it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre. This is subject to regulatory and all other applicable approvals,” the bank said in a statement.
Following the relocation, HBME will be lead-regulated by the Dubai Financial Services Authority (DFSA). This relocation is expected to complete during 2016."
'via Blog this'
Ukraine Bond Deal at Risk Again as Rebel Investors Demand Change - Bloomberg Business
Ukraine Bond Deal at Risk Again as Rebel Investors Demand Change - Bloomberg Business:
"A group of investors in Ukraine’s shortest-dated bonds stepped up pressure on Franklin Templeton to adjust the terms of an $18 billion restructuring agreement they argue is biased against them, saying they have the power to block the deal.
Holders of the $500 million Eurobond due on Sept. 23 have a so-called blocking stake in the security, Shearman & Sterling LLP, the law firm representing them, said in an e-mailed statement on Thursday. That means they own the 25 percent needed to potentially thwart a vote on the agreement finalized last month with a committee of some of Ukraine’s biggest bondholders.
Holdouts may threaten a ratification process that’s behind schedule due to delayed sign-off on the deal by the eastern European nation’s parliament. The war-ravaged country needs to restructure its external debt to qualify for a $17.5 billion International Monetary Fund loan, which is already at risk because of Russia’s insistence on being repaid in full for a bond due in December."
'via Blog this'
"A group of investors in Ukraine’s shortest-dated bonds stepped up pressure on Franklin Templeton to adjust the terms of an $18 billion restructuring agreement they argue is biased against them, saying they have the power to block the deal.
Holders of the $500 million Eurobond due on Sept. 23 have a so-called blocking stake in the security, Shearman & Sterling LLP, the law firm representing them, said in an e-mailed statement on Thursday. That means they own the 25 percent needed to potentially thwart a vote on the agreement finalized last month with a committee of some of Ukraine’s biggest bondholders.
Holdouts may threaten a ratification process that’s behind schedule due to delayed sign-off on the deal by the eastern European nation’s parliament. The war-ravaged country needs to restructure its external debt to qualify for a $17.5 billion International Monetary Fund loan, which is already at risk because of Russia’s insistence on being repaid in full for a bond due in December."
'via Blog this'