Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has listed Reem Investments shares on the second market, a market dedicated for trading of shares of private companies, under the symbol ‘REEM’. Trading on Reem Investments shares officially started on September 30 of the current year. Speaking on the listing of the company’s shares on ADX, Abdulhamid Mohammed Saeed, Managing ...

Dubai / WAM Etisalat announced on Sunday that it has teamed up with Skylines Tax Consultancy to offer free Value Added Tax (VAT) filing services exclusively for its Small and Medium Business (SMB) customers at the ‘Hello Business Hub’. This is keeping in line with UAE government’s VAT legislation which introduced a five percent VAT on January 1 this year. ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and in partnership with the Saudi Commission for Tourism and National Heritage (SCTH), Louvre Abu Dhabi hosts ‘Roads of Arabia: Archaeological Treasures of Saudi Arabia’, the second international exhibition on ...

Bloomberg America’s fastest-growing source of energy has a power problem. The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That’s ...

Bloomberg Euro-area inflation accelerated in September amid a surge in energy costs, while underlying price moves remained more subdued. The core measure of inflation, which strips out volatile energy and food, fell to 0.9 percent from 1 percent. That’s a blow to European Central Bank President Mario Draghi, who just this week cited faster wage growth and a “relatively vigorous” ...

Bloomberg The best-performing stock in Egypt this year might be about to reward investors even more as a turnaround plan moves forward and the company completes a long-awaited project. Qalaa Holdings SAE, the Egyptian investment firm formerly known as Citadel Capital, is pushing to end annual losses by selling underperforming assets and lowering debt before its flagship oil refinery venture ...

Bloomberg It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a rally of Brent crude in over four months. This week, the benchmark closed above $80 for the first time ...

Bloomberg Mexico may finally buy US crude oil for the first time ever. After three years of announcements, negotiations, and potential deals, Petroleos Mexicanos is seeking to buy a trial cargo of 350,000 barrels for its refineries in October. The much-anticipated deal has been in the making since 2015, when US exports were still banned and Mexico applied for a ...

Bloomberg Pyongyang won’t dismantle its nuclear weapons until it has “sufficient trust” with the US, North Korea’s top diplomat told the United Nations General Assembly, pressuring the Trump administration to drop its “coercive methods” such as sanctions. The remarks by North Korea Foreign Minister Ri Yong Ho underscored lingering friction between the nations amid signs their diplomats have resumed talks ...

Bloomberg The death toll from a 7.5 magnitude earthquake and tsunami that hit Indonesia’s island of Sulawesi climbed to more than 800, with casualties expected to reach into the thousands as authorities try to reach those trapped under collapsed buildings. Local media reports quoted Vice President Muhammad Jusuf Kalla as saying that he expected the toll to grow as he ...