Abu Dhabi / WAM In line with its efforts to revolutionise its services and enhance investor experience, Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, launched its new integrated digital platform, “Sahmi” which provides digital services for individual investors. The platform was launched during the GITEX Technology Week 2018, in which ADX has a presence at the Abu ...

Bloomberg The International Energy Agency (IEA) cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high. Reduced growth estimates from the International Monetary Fund (IMF), trade disputes and the strain of high oil prices all fed into the downgrade to consumption, the ...

Bloomberg India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves that will act as a buffer against volatility in oil prices. The plan is to build underground caverns that can hold a combined 6.5 million tons of crude at two locations, Indian Strategic Petroleum Reserves Ltd. Chief Executive Officer H.P.S. ...