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Sharjah / WAM The total number of male and female citizens, who have registered for the nine electoral zones of the upcoming Sharjah Consultative Council (SCC) elections, reached 35,595, a remarkable increase of 43 percent over the first direct elections held in 2015. The Higher Committee for the Council elections made the announcement on Monday, while congratulated HH Dr Sheikh ...

Abu Dhabi / WAM The showpiece of the official 48th UAE National Day celebration will be a theatrical performance entitled ‘Legacy of our Ancestors’, with stories from the UAE’s past that showcase the country’s values long-embedded in its heritage and culture, organisers say. The event will take place in Abu Dhabi, on December 2 at Zayed Sport City Stadium. “The ...

Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region’s first ‘Virtual Company Licence’, allowing investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards. The announcement is aligned with the third Article of the 50-Year Charter ...

Dubai / WAM UAE features among the top 10 markets that have rapidly improved their trade growth potential over the past decade, according to a new research from Standard Chartered, the Trade20 Index, which identifies the 20 rising stars of global trade. The Trade20 Index, which determined the potential of each market for trade growth over the past 10 years ...

Bloomberg Saudi Aramco will increase dividend payments and pay less tax as the government tries to secure the $2 trillion valuation targeted by Crown Prince Mohammed bin Salman in the state oil company’s initial public offering (IPO). The state-run company, which produces about 10% of the world’s oil, plans to announce its intention to float later this month with the ...

Bloomberg When aluminum demand last contracted during financial crisis and unwanted metal started flooding into warehouses, it took more than a decade to work through the glut. Now, the market is bracing for another sharp rise in inventories as demand growth grinds to a halt. Aluminum has tumbled to a two-and-a-half-year low as slowing global growth and the US-China trade ...

Bloomberg Mozambique expects to get $880 million in capital gains tax from Occidental Petroleum Corp.’s deal to sell its Africa assets to Total SA, the presidency said in a statement. The nation, already cashing in on a liquefied natural gas boom even before it starts exporting the fuel in 2023, is home to a $23 billion project that Anadarko Petroleum ...

Bloomberg India-born billionaire Aloke Lohia’s global acquisition spree for chemical plants was designed to give Thailand-based Indorama Ventures Pcl more pricing power. But Donald Trump’s trade war has spoiled the party and driven its shares to a record slide. Indorama’s operating margin has hovered around 4 percent to 5 percent the past year, the narrowest since late 2015, as a ...

Bloomberg Japan Post Holdings Co’s top executive vowed to restore public confidence in the postal giant, which has been rocked by a scandal over missold insurance. In an interim report, Japan Post said it found about 6,300 cases of insurance sales at post offices that possibly violated the law or company rules. “Customers’ trust has been gravely hurt, and I ...

Bloomberg Indiabulls Housing Finance Ltd suffered the worst decline since its 2013 initial share sale after India’s central bank placed curbs on a lender it plans to acquire, extending Friday’s slide sparked by a court probe into allegations of fraud. The stock crashed as much as 38 percent before closing 34 percent lower at 255.9 rupees, the lowest in five ...