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Borouge reports first-half revenues of $2.8 billion

ABU DHABI / WAM  Borouge on Friday announced its financial results for the three- and six-month periods ended on June 30, with first-half revenues of $2.8 billion and adjusted Ebitda of $978 million. The company’s ambitious Value Enhancement Programme delivered a material $253 million impact in efficiencies and revenue optimisation year to date and is a significant and positive contributor ...

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UAE President continues to receive condolences on passing of Saeed bin Zayed

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received condolences for a second day on the passing of Sheikh Saeed bin Zayed Al Nahyan from Sheikhs, delegations and crowds of mourners. His Highness received condolences at Qasr Al Mushrif in Abu Dhabi from HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy ...

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China watchdog asks brokers for advice on boosting stocks

BLOOMBERG China’s markets regulator has consulted securities firms for possible measures to boost stocks amid growing signs Beijing is seeking to restore investor confidence, people familiar with the matter said. The China Securities Regulatory Commission convened a meeting with select brokerages to solicit their feedback, the people said, asking not to be named discussing a private matter. Among measures proposed ...

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