Bloomberg Hennes & Mauritz (H&M) and Primark are bracing for an unprecedented slump in European sales as the epicenter of the coronavirus outbreak shifts from China. Primark has closed shops that generate 30% of its total revenue as governments ordered shutdowns. H&M is shutting stores in 13 European countries, including Italy, which has more than 24,000 cases of Covid-19. The ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has played a key role in boosting Dubai’s economic growth, with a 12 percent contribution to the emirate’s foreign trade in 2019, compared to 11.2 percent in 2018, out of a total trade value of AED1.37 trillion recorded last year. This came as a direct result of the incentives and business facilitation ...

ABU DHABI / WAM Abu Dhabi and Dubai Financial Markets (DFM) announced the prohibition period for insider trading at public shareholding companies listed in the UAE capital markets, which will take effect on Tuesday, March 17, in compliance with the applicable regulations and rules. The Abu Dhabi Securities Exchange (ADX) and DFM called on listed shareholding companies and brokerage companies to implement ...