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  ABU DHABI / WAM The value of shares bought by foreign investors registered at the Abu Dhabi Securities Exchange in November 2016, amounted to AED2.97 billion, constituting 48.3 per cent of the total trading value. Meanwhile, foreign investors sell value during the same period reached AED2.9 billion, constituting 48.5 per cent of total turnover. As a result, net foreign ...

  Abu Dhabi / WAM Due to the dramatic drop in oil prices in 2014, the decline in the emirate’s growth expectations is inevitable, but such decline is expected to be mitigated by the contribution of non-petroleum commodities sectors which will reduce the impact of the decline in oil prices, according to the 2nd Abu Dhabi Competitiveness Report 2016, issued by ...

  Dubai / WAM The Dubai Financial Services Authority (DFSA) hosted an outreach event for its regulated community and other stakeholders to discuss known and emerging cyber risks and trends, and the steps that should be taken to prevent, detect and respond to them. It was acknowledged that globally, cyber-attacks are increasing in scale and sophistication from highly organised groups of ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has organised a two-day workshop on Energy Storage in cooperation with the Spanish National Renewable Energy Centre (CENER). The workshop supports DEWA’s role as a platform for sharing knowledge and expertise and its efforts to keep its staff and partners up-to-date with the latest technologies and developments. Over 150 ...

  Aleppo / AFP Several thousand people left the rebel enclave of Aleppo on Monday, raising hope for many others still stranded as Russia eased its objections to sending UN observers to oversee the evacuations. Brokered by rivals Turkey and Russia, the complex deal will eventually see President Bashar al-Assad’s forces exert full control over Syria’s battered second city. Early ...

  Beijing / AFP China on Monday rejected US President-elect Donald Trump’s claim that it had “stolen” an American research drone, as state media said his diplomatic inexperience could spark a confrontation between the two nations. Beijing’s seizure of the marine probe in international waters in the South China Sea raised already heightened tensions between the world’s two largest military powers. ...

  Brussels / AFP Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law. The European Commission, the EU executive arm, in August ordered iPhone maker Apple to reimburse a record 13 billion euros ($14 billion) in unpaid taxes in Ireland. ...

  Bloomberg Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s largest purchase. Fairfax will pay $54 per share, which is 18 percent higher than Allied World’s closing price on Friday. For every share, Allied investors will receive about $10 in cash — half ...

  Bloomberg Pakistan’s drive to sell stakes in its loss-making state-owned entities has been all but abandoned, as the government bows to threats of widespread protests over potential job losses. Former IBM executive Mohammad Zubair, the minister of state for privatization, has found his work increasingly sidelined, even as annual losses from state companies rack up at 600 billion rupees ...

  Bloomberg Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., ...