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Geneva / WAM The UAE Ministry of Economy (MoE), signed a Memorandum of Understanding (MoU), with the World Intellectual Property Organisation (WIPO), establishing Fund-In-Trust which will promote activities of the Intellectual Property Rights (IPR), in developing countries and least developed countries. The signing ceremony – held during Emirati Day at the WIPO premises – was organised by MoE in cooperation with ...

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 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 Two gauges of activity in China’s manufacturing sector worsened in September, reflecting the nation’s economic slowdown and the fallout from the trade war with the US. The official manufacturing purchasing managers index (PMI) stood at 50.8 in September versus 51.3 in August, lower than the median estimate of 51.2 in a Bloomberg survey of economists. The Caixin manufacturing PMI, ...

Bloomberg A VTB Capital-led consortium has offered to match ArcelorMittal’s 420 billion rupee ($5.8 billion) bid for Essar Steel India Ltd., heating up the long drawn battle for the biggest steel mill being sold under India’s new bankruptcy law. Numetal Ltd., the consortium led by VTB, is willing to revise its earlier bid of 370 billion rupees for the 10 ...

Bloomberg East Japan Railway Co., which operates major rail lines in the Japanese capital, planned to suspend all train services in the Tokyo area on Sunday in preparation for Typhoon Trami, which is hitting the southwest of the country. Kansai International Airport, which serves the greater Osaka area in western Japan, closed two runways from 11 am on Sunday through ...