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Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, celebrated its 18th anniversary on Tuesday and highlighted the market’s most notable and pioneering achievements at the local, regional and international levels since its inception which contributed to supporting the national economy and in attracting investments to the UAE. The ADX continues to develop its ...

Abu Dhabi / WAM The United Arab Emirates and the Kingdom of Saudi Arabia, have announced the launch of a new food aid initiative, ‘Imdaad’, in cooperation with the World Food Programme (WFP), and other international bodies, to combat famine in Yemen. Imdaad aims to provide necessary food supplies to 10-12 million Yemenis, including two million children, and will include ...

Bloomberg Evidence is mounting that the plot to oust UK Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails calling for one. Late last week, as the backlash against May’s Brexit deal gathered pace, there was speculation that the threshold ...

Bloomberg JD.com Inc. founder Richard Liu is struggling to reassure investors of his e-commerce giant’s prospects amid rising competition and a global trade war, even as US prosecutors mull whether to charge him over rape allegations. JD’s ADRs slid 8.4 percent in US trading to the lowest in more than two years after a disappointing earnings report and Liu’s first ...

Bloomberg They have little chance of success, but the shareholder group trying to derail Takeda Pharmaceutical Co.’s $62 billion purchase of UK-listed Shire Plc is making last-minute attempts to win over investors. The dissident holders account for only about 1 percent of Takeda’s shares outstanding, but the group is raising its profile as the Japanese drugmaker inches toward completing its ...

Bloomberg Apple Inc shares dropped close to bear market territory on concern consumers are no longer clamouring for its cornerstone product, the iPhone. The stock closed at a record of $232.07 on October 3. Since then it’s plunged almost 20 percent — the official bear market threshold — as multiple suppliers indicated the company is cutting parts orders for the ...

Bloomberg Britain’s pollution levels would probably rise if the country crashes out of the European Union without a deal, breaching a key pledge Prime Minister Theresa May has made to rein in emissions. That’s the conclusion of Bloomberg NEF, which forecasts that burning coal would increase in the first quarter of next year if there’s a no-deal Brexit. Without a ...

Bloomberg Confidence among US homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the ‘Interfaith Alliance For Safer Communities: Child Dignity in the Digital World Forum’ being organised by the Ministry of Interior. During the meeting, held at the Al Bahr ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to four million barrels per day by 2020, with Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, saying there would be no let-up ...