BEIJING/WAM China’s logistics sector expanded at a steady pace in November, offering the latest sign that domestic demand is picking up and the country’s economic recovery is gaining further momentum, analysts said. According to China Daily, the logistics performance index stood at 52.8% last month, representing an increase of 0.2 percentage points compared to October, based on data released earlier ...

ABU DHABI/WAM The 1 Billion Followers Summit, the world’s first and largest event dedicated to shaping the content creator economy, announced Etihad Airways as the official airline partner for the summit’s third edition, taking place at Dubai’s New Media Academy from January 11 to 13 2025 under the theme “Content for Good”. The partnership with Etihad advances the goals of ...

ABU DHABI/WAM Adnoc International Germany Holding AG (the bidder), a wholly owned indirect subsidiary of XRG PJSC (formerly known as Adnoc International Limited, together with the bidder and other companies of Adnoc Group, “XRG”), on Thursday, after expiry of the additional acceptance period, announced the final results of the voluntary public Takeover Offer to all shareholders of Covestro AG. At ...

ABU DHABI/WAM Finstreet Limited, an IHC Group company through Rorix Holdings, has officially launched its subsidiaries that operate a first-of-its-kind international securities market infrastructure at Abu Dhabi Finance Week (ADFW). The launch follows the receipt of necessary licences from the Financial Services Regulatory Authority (FSRA) of ADGM, and also includes welcoming institutional investors to register from today to access this ...

ABU DHABI / WAM Mair Group, a strategic investment group focused on food retail and commercial real estate, is now listed on the Abu Dhabi Securities Exchange (ADX) under the trading symbol “MAIR”. Mair Group’s shares are available to institutional and individual investors reflecting the company’s commitment to market accessibility. The company’s shares commenced trading at a reference price of ...

ABU DHABI / WAM Lulu Retail Holdings PLC on Wednesday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Lulu Retail confirms the final offer price for its ordinary shares has been set at AED2.04 per Share, pricing at the top of the previously announced ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw today 44 large direct deals executed on the stock of Fertiglobe. According to market data, the trade was executed on 4.15 billion shares with a value of AED13.28 billion at an execution price of AED3.2 per share. Large direct transactions are deals executed outside the order book and do not affect ...

ABU DHABI/WAM Abu Dhabi Securities Exchange (ADX) announced on Monday that the name of “Bayanat AI PLC” will be officially changed to “Space42 PLC”, following its merger with Al Yah Satellite Communications Company PJSC, set to commence on 1st October, 2024. In a circular issued on Monday, ADX said that trading of the new shares of Bayanat AI PLC (resulting ...