News

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) announced on Sunday that it is reducing its trading commission fees starting July 1 thus making ADX among the Mena region’s least expensive stock markets with regards to trading commissions. This initiative is designed to reduce costs on investors, build confidence, increase liquidity, as well as attract more investors into ...

Dubai / WAM The Dubai International Financial Centre (DIFC), is set to make structuring and financing faster, economical, and more flexible. Under a newly introduced regime, structures such as Intermediate Special Purpose Vehicles and Special Purpose Companies will now be classified as ‘Prescribed Companies’. The new prescribed companies regime expands the previous regime to also allow certain firms to establish themselves ...

Abu Dhabi / WAM Although some countries have taken concrete steps against climate change, the related global efforts are not satisfactory, according to UN Secretary-General Antonio Guterres. “Climate change is outpacing our efforts. It is happening faster than we expected,” he said in his opening remarks at the Abu Dhabi Climate Meeting on Sunday. “All over the world, people are ...

Abu Dhabi / WAM Brune Poirson, French Secretary of State for the Ecological and Inclusive Transition, arrived in the UAE to attend the ‘Abu Dhabi Climate Meeting for the UN Climate Action Summit 2019’, taking place on Sunday and Monday. France, who currently holds the Presidency of the G7, has made combating climate change one of its top diplomatic priorities, ...

Abu Dhabi / WAM The Memorandum of Understanding (MoU), was signed by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Ahmed Ali Al Sayegh, Minister of State and Chairman of ADGM, on the sidelines of the Abu Dhabi Climate Meeting. The key details of the deal include attracting private investment and cutting-edge technologies to the country ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), earmarked a grant worth AED1.8 million ($500,000) to support the North-Eastern Federal University (NEFU), in Yakutsk, Russia. Aiming to facilitate scientific research and molecular genetic analysis in the remains of ancient animals, the financial contribution has been allocated to acquire 36 types of industry-specific laboratory equipment for the university. This grant aims ...

Bloomberg At least a fifth of adults in the Philippines, or about 13.9 million people, use Facebook daily for news, according to a poll conducted by Social Weather Stations (SWS). As many as 40.4 million individuals, or 60 percent, still get their news through television, about 15 percent through radio and only 2 percent read newspapers daily, according to the ...

Bloomberg India’s current-account deficit narrowed last quarter as a slowdown in the economy sapped imports. The shortfall was $4.6 billion in the January-March period, the RBI said. That compares with a median $6.1 billion deficit estimated in a survey. The gap is smaller than the previous quarter’s $17.7 billion, or 2.7 percent of GDP. It compares with a deficit of ...

Bloomberg In recent weeks, President Donald Trump has drawn the ire of security hawks in Congress for suggesting he could bargain away his blacklisting of Huawei Technologies Co to secure a trade deal with China. He took a big step towards doing just that, signalling that he cares more about selling US products to China than embarking on a clash ...

Bloomberg India and the US plan to initiate ministerial discussions to sort out trade differences after President Donald Trump met Prime Minister Narendra Modi at the Group of 20 summit in Japan. The meeting — held after Trump called on India to withdraw an “unacceptable” increase in tariffs on US goods — sought to “clear the air and to set ...