ABU DHABI / WAM The financial markets nationwide will remain closed on Sunday, January 1, 2017 for New Year. The work will resume on Monday, January 2, according to the Securities and Commodities Authority (SCA). The announcement follows the circular issued by the Federal Authority for Government Human Resources No. (42) of 2016 on New Year holiday, after coordination …

  DUBAI / Reuters Abu Dhabi’s stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors. In covered short-selling, investors borrow shares and sell them in the expectation of repurchasing them later at a lower price. Regulators in the Gulf …

  DUBAI / Emirates Business Ajman Free Zone (AFZ) signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, and innovation in the workplace. As a part of their mutual association, this strategic partnership was signed under the framework of both parties’ efforts to develop quality and business …