ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...

Dubai / WAM Dubai Economy signed a memorandum of understanding (MoU) with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem. The agreement will enable customers of Dubai Economy to have an instant credit facility and complete licencing transactions within five minutes. Users registering ...

Bloomberg India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi’s administration lost arbitration proceedings in a tax dispute, its second defeat since September over such levies. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interest, to Cairn. ...