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Extreme foreign selloff in India stocks may ease

  Bloomberg If history is a guide, the heaviest selling by foreigners of Indian stocks since the global financial crisis is poised to end, with any turnaround likely to be led by stocks with major holdings among the overseas investors. That’s the view from Bloomberg Intelligence after foreign institutional investors net-sold $10 billion of local stocks since October, the most ...

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Adnoc announces major gas discovery offshore Abu Dhabi

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  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Thursday the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni,indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas in place. ...

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UAE to host SpaceOps for first time in Arab world

Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, is ...

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