Abu Dhabi / WAM Abu Dhabi’s trade in pearls, precious stones and metals has witnessed significant activity in the first five months of this year, rising to AED8.8 billion, a 25.7 percent increase compared to AED7 billion in the same period of 2019, according to the Abu Dhabi Statistics Centre. This significant jump reinforces the position of the emirate and ...

Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) announced the implementation of the Foreign Direct Investment Law within the emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the ...