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Abu Dhabi / WAM In line with its efforts to revolutionise its services and enhance investor experience, Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, launched its new integrated digital platform, “Sahmi” which provides digital services for individual investors. The platform was launched during the GITEX Technology Week 2018, in which ADX has a presence at the Abu ...

Bloomberg China’s exports rebounded, while imports remained robust, thanks to strong demand at home and abroad despite worsening relations with the US Exports in dollar terms rose 14.5 percent in September compared to the same period last year, the customs administration said, higher than the forecast of 8.2 percent. Imports climbed 14.3 percent, leaving a trade surplus of $32 billion. ...

Bloomberg A regular client of the International Monetary Fund (IMF), investors are asking whether Pakistan’s 13th loan program since the late 1980s will finally break a cycle of financial crashes and bailouts. Pakistan’s history of taking the lender’s money while dragging its heels on economic reforms suggest otherwise. With Islamabad now formally requesting IMF aid — seeking to raise anywhere ...

Bloomberg The UK Treasury is planning new measures to encourage investment in machinery and factories to help revive Britain’s flagging productivity, two officials familiar with the matter said. Chancellor of the Exchequer Philip Hammond may use the budget on October 29 to announce the measures, with tax breaks under active consideration, according to the officials, who declined to be named ...

Bloomberg Facebook Inc. said intimate information, including search results, recent locations and hometowns, were stolen from 14 million users by attackers in a major hack of the social network disclosed two weeks ago. The company said the cyber-attack, one of the worst to hit Facebook, affected 30 million people rather than about 50 million the company first reported September 28. ...

Bloomberg A gauge of underlying US inflation was below estimates in September as used-car costs fell and housing rents cooled, signalling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in September from ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Hartwig Loger, Austrian Minister of Finance have discussed means of strengthening the overall economic, commercial and investment cooperation between the UAE and Austria. During the meeting, which was held at the premises of the Ministry of Economy in Dubai, they also discussed other key issues, such as exchanging ...

SHARJAH / WAM As part of its ongoing commitment to empower young leaders in Sharjah and the UAE, the Sharjah Investment and Development Authority (Shurooq), has launched Shurooq Youth Council, a first of its kind council in Sharjah. The new council is dedicated to support the distinguished young leaders working in Shurooq, to empower their ambitions in line with future ...

Dubai / WAM Smart Dubai has begun preparations for its pavilion at the upcoming Gitex Technology Week 2018, set to be held at the Dubai World Trade Centre from October 14-18, where it plans to showcase the strategies, services and initiatives that have made Dubai a world leader in the smart city sector. The Smart Dubai Office, SDO, is collaborating ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), and the Registration Authority of Abu Dhabi Global Market (ADGM), on Wednesday signed a Memorandum of Cooperation (MoC), to foster a conducive environment and explore joint efforts to support the development of professional, business and trade associations and non-profit organisations established in Abu Dhabi. The memorandum ...