ABU DHABI/ WAM Market capitalisation of the Abu Dhabi Securities Exchange (ADX) reached AED441 billion during the first eight months of 2016, registering an increase of AED30 billion in the market value of shares of listed companies. Rashid Al Baloushi, CEO of ADX, noted that the increase in market capitalisation is a result of the positive performance of its listed …

  FUJAIRAH / WAM The UAE’s first berth for very large crude carriers (VLCC) will be inaugurated in the Indian Ocean sea port of Fujairah on Wednesday, September 21, by H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. Fujairah’s oil terminal, considered the world’s largest bunkering facility in terms of operational capacity, is set …

  DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has recognised the Mawarid Finance Group of Companies for supporting the emiratisation of jobs in auditing, financial services and financial management, with a focus on hiring Emirati women. The honour recognises an initiative of the Accountants and Auditors Association’s financial services committee to determine the number of Emiratis …