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UAE leads region in exports

ABU DHABI / WAM The UAE has moved ahead four places in the area of exports in 2017, to occupy the 15th position internationally, surpassing Russia, Spain and Switzerland, while maintaining its leadership in the Arab region, Middle East and Africa, acco- rding to reports by International Trade Statistics and forecasts by the World Trade Organisation (WTO) in 2018. The ...

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Stocks locked in strong uptrend

ABU DHABI / WAM UAE stocks locked in a strong uptrend in the maiden session of the week supported by most of the listed sectors, primarily the realty and banking companies, with the DFM General Index rising to 3151 points, an increase of 1.83 percent over the last session, and ADX General Index following suit by 1 percent over Thursday’s ...

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Aldar increases foreign ownership limit to 49%

ABU DHABI / AGENCIES Aldar Properties announced on Sunday that its Foreign Ownership Limit (FOL) has been increased to 49%, from 40%, following completion of all regulatory formalities and will be implemented for trading effective from Sunday. This follows shareholder approval of the increase at Aldar’s 2018 Annual General Meeting, which was held on March 21. Talal Al Dhiyebi, CEO ...

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