Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting September 1, is the exchange’s second commission cut in ...
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India extends Covid-19 curbs till September end
New Delhi / WAM India’s Ministry of Home Affairs, in exercise of powers under the country’s Disaster Management Act, has extended the countrywide restrictions to contain Covid-19 until September 30. In a letter to Chief Secretaries of all states and Administrators of union territories, Home Secretary Ajay Bhalla wrote that “the overall pandemic situation at the national level now appears ...
Read More »DFM extends trading hours to five hours daily
DUBAI / WAM Dubai Financial Market (DFM) on Saturday announced the extension of its trading hours to from four hours to five hours daily as of October 3 in line with directions of the Securities and Commodities Authority (SCA) and in coordination with various stakeholders. Hassan Al Serkal, CEO of the DFM said: “The new initiative will further strengthen leading ...
Read More »Sheikh Mohammed, Qatar Emir meet on sidelines of Iraq summit
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Saturday with HH Sheikh Tamim bin Hamad Al Thani, Emir of the sisterly State of Qatar, on the sidelines of the “Baghdad Conference for Cooperation and Partnership”, held in the Iraqi capital, Baghdad. HH Sheikh ...
Read More »UAE reports 1,559 new recoveries from Covid-19
ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 309,312 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...
Read More »Sheikh Mansour okays ADJD’s new strategic plan 2021-2023
Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and President of Abu Dhabi Judicial Department (ADJD), has approved the ADJD’s new Strategic Plan 2021-2023. The new plan constitutes a starting point in the process of developing the judicial work during the next phase, to achieve judicial leadership on a global ...
Read More »ADX reduces trading fees, extends its trading hours
Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting September 1, is the exchange’s second commission cut in ...
Read More »Dubai Design District inspires next generation of Emirati women
DUBAI / Emirates Business Dubai Design District (d3) launched a campaign to inspire the next generation Emirati Women, encouraging them to shape their future with their own hands. The leading business hub partnered with three of its leading Emirati entrepreneurs, and they will be featured in a new campaign for Emirati Women’s Day. Shafia Alkhyeli, founder of interior design practice ...
Read More »We are keen to learn from UAE’s economic model: DRC minister
DUBAI / WAM Christophe Lutumdula Apala Pen’Apala, Deputy Prime Minister and Minister of Foreign Affairs of the Democratic Republic of Congo (DRC), highlighted his country’s keenness to learn from UAE’s economic model, by exchanging knowledge and technical expertise in all areas, most notably in the economy, commerce and administration. He made this statement during his meeting with Humaid Mohammed bin ...
Read More »Etihad, Israeli firm to set up aircraft conversion facility
ABU DHABI / WAM Etihad Engineering announced the signing of a strategic partnership with Israel Aerospace Industries (IAI), to provide Passenger to Freighter (P2F) conversions on Boeing 777-300ER’s. In 2019, IAI and GE Capital Aviation Services (GECAS) announced the launch of the Boeing 777-300ERSF, a programme which established a P2F conversion dubbed ‘The Big Twin’ denoting its status as the ...
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