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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 ...

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 ...

Bloomberg US forces carried out a strike in Afghanistan against the terrorist organisation believed responsible for the devastating bombing that killed at least 88 people near the Kabul airport a day earlier. “US military forces conducted an over-the-horizon counterterrorism operation on Saturday against an IS-K planner,” said Captain Bill Urban, a spokesman for US Central Command. He added that the ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec), the emirate’s premier event venue is gearing up to host a wide variety of world-class exhibitions, conferences and events in the UAE capital and has announced its calendar for the rest of 2021. Khalifa Al Qubaisi, Chief Commercial Officer at Adnec, said, “Hosting such major international conferences and exhibitions highlight’s ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) and the International REC Standard Foundation (I-REC Standard) signed a local Issuer agreement, formalising DoE’s position as the sole issuer of RECs in the emirate of Abu Dhabi. Commenting on the newly signed agreement, Eng. Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy, said, “With ...

Abu Dhabi / WAM As many as 1,000 entries across nine categories have already been received for the 16th edition of the Sheikh Zayed Book Award, the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has revealed. With the submission process beginning in June and running until October ...

Bloomberg JD.com Inc’s shares soared as much as 10.5% after the e-commerce giant reported revenue that beat estimates, defying a crackdown on the Chinese internet sector that has depressed growth across the industry. The e-commerce giant’s shares gained by the most in almost a month in Hong Kong after it posted a better-than-expected 26% rise in revenue to 253.8 billion ...

Bloomberg Indian fintech startup Khatabook raised $100 million, seeking to expand its offerings beyond bookkeeping for merchants as smartphones win over users in the world’s second-most populous country. The round led by US venture capital firms Moore Strategic Ventures and Tribe Capital valued Khatabook at close to $600 million, the company said in an emailed statement. Alkeon Capital, Tencent Holdings ...

Bloomberg The Meishan terminal at China’s second-busiest port reopened following a two-week shutdown that further snarled already stressed shipping routes in Asia. The terminal was expected to start the resumption of normal operations on Wednesday, a port official said at a press conference in the city of Ningbo. The terminal was about a quarter of the Ningbo-Zhoushan port’s capacity and ...

Bloomberg Malaysia Prime Minister Ismail Sabri Yaakob’s meeting with opposition leaders on Wednesday left Anwar Ibrahim positive about working with the new government to heal the nation that’s seen change of three administrations since 2018. The meeting, which lasted over an hour at the premier’s office, was focused on finding common ground to best handle the Covid crisis, save lives ...