Bloomberg South Africa’s main stock index erases gains of as 0.3%, to decline 0.6% by 9:54 am in Johannesburg, with gold shares retreating the most in more than a month as the rally in bullion cools. Luxury retailer and market heavyweight Richemont weighs on the benchmark index after earnings from French peer LVMH disappoint analysts. Globally, investors are betting setbacks ...

Abu Dhabi / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of Abu Dhabi has ordered the disbursement of housing loans worth AED2.78 billion to 1,976 ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary (CNOOC) Limited. The transfer has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) ...