ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) will adopt FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities as part of its strategy to align to global standards and attract more international investors. The introduction of the ICB is part of the transition of ADX indices to the co-branded FTSE ADX index series, under ...

  Dubai / WAM The Dubai Islamic Bank (DIB) has donated AED3 million to the Khalifa bin Zayed Al Nahyan Foundation, to support the national healthcare services provided by the foundation in 2022. Mohammed Haji Al Khouri, Director-General of the Foundation, lauded the bank’s humanitarian activities and its pioneering social responsibility efforts, as well as its support and sponsorship for the ...

  Dubai / Gulf Time Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, on Monday announces the launch of Pearlz, a residential project offering 1,000 residential units and a number of retail and recreational facilities with a development value exceeding AED300 million. The project will be ...

  Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a ...

  SHARJAH / WAM In implementation of the directives of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide a stable and decent life for the citizens, the Sharjah Debt Settlement Committee (SDSC) approved an amount of AED63.11 million, to settle 120 cases of citizens’ debts. Commenting on this, Rashid Ahmed ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, is continuing to strengthen its support for global climate action, with the capacity of its clean energy project portfolio rising 40 percent in 2021. The electricity generation capacity of all projects Masdar has invested in – either installed or under development – increased from 10.7 gigawatts ...

Members of the US Congress rightly have been asking how countries that value security and freedom might remove Russia from the United Nations Security Council. In fact, it’s not impossible, as some have argued; or even unprecedented. In 1990, when Iraq’s Saddam Hussein invaded Kuwait and tried to wipe that country from the face of the earth, the Security Council ...

When Porsche tried in 2008 to take over (much larger) Volkswagen AG using opaque financial derivatives, analysts pejoratively dubbed it a “hedge fund” that also makes sports cars. The bid was unsuccessful. Now Porsche is part of Volkswagen, and the parent could almost be described as a “credit giant” with some car brands attached. This structure, though, is doing wonders ...

  You may not feel it yet, but if you’re an American homeowner you’re probably a good bit richer after the dizzying run-up in housing prices last year. But how do you tap into your newfound wealth? And should you? US homeowners gained an average $55,300 in their home’s value (minus their mortgage) in 2021. In some especially hot cities, ...

  Obamacare gave Americans a lot to argue about before it became law in 2010. One contentious question concerned its eventual economic effect, with supporters saying it would invigorate businesses by freeing them from burdensome healthcare costs and opponents warning of a drag produced by tax increases and government bureaucracy. A decade’s worth of data has now rendered a partial ...