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Companies’ global debt may exceed estimates: Philippines

BLOOMBERG  The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated. The monetary authority aims to send out requests in the next three to six months as it seeks to head off any potential risk to the Southeast Asian nation’s economy, according ...

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DSCE reviews Dubai’s initiatives to support sustainable development

DUBAI / WAM The Dubai Supreme Council of Energy (DSCE) organised a workshop to highlight key projects and sustainable energy systems that support the UAE Net Zero by 2050 strategic initiative, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050. Representatives from the DSCE, the Executive Council, the Carbon Abatement Committee, and the C40 ...

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Insiders’ trading prohibition period starts on June 16: ADX

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that insiders’ trading prohibition period will start on June 16  pending the full disclosure of the second quarter 2023 financial statements. Subject to Article No (14) of SCA Board of Directors’ Decision No. (2/R) of 2001 concerning the regulations as to Trading, Clearing, Settlement, Transfer of Ownership and Custody ...

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