Bloomberg Stocks rise in Europe and Asia on Wednesday as investors continued a rotation into cyclical industries at the expense of technology shares. Crude oil rises. Gains in travel, energy and consumer stocks pulled the Stoxx Europe 600 Index higher at the open. Tech shares underperformed, including Dutch Internet provider Prosus NV and equities in Japan, Korea and Australia climbed ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) and ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, on Tuesday announced Ta’ziz as the name of the new joint venture (JV) established by both companies, which will drive the development of industrial projects ...

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported its first consolidated pro-forma financial results following its transaction with Abu Dhabi Power Corporation (ADPower) on July 1, announcing group revenues of AED30.8 billion during the first nine months of 2020. In addition to approving Taqa Group’s financial results, the Board of Directors approved an increase in the company’s ...