ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has started implementing blockchain technology, enabling shareholders to overlook and participate with further transparency while using advanced e-voting techniques. The technology was used recently at Annual General Meetings (AGM), of the ADX for six listed companies including two private joint stock companies and four public joint stock companies. On this occasion, …

MOSCOW / Reuters OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry’s five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the target being reached in the very near future. Speaking in Moscow after a meeting between OPEC and Russia, Falih and his Russian counterpart Alexander Novak also said they …

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has issued a public consultation paper inviting feedback on its proposal to establish a legislative and regulatory framework for foundations within ADGM. ADGM Foundations Regulations follow international best practice, including international regulatory obligations, and cater to the unique requirements of families and asset owners in Abu Dhabi, regionally and globally. Foundations …