Bloomberg The stock rallies of Gautam Adani’s companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator that predicted previous slumps for more than a decade. TD Sequential, a widely followed DeMark technical indicator that forecast drops in Adani Enterprises Ltd. three times since 2009, suggests ...
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ABU DHABI / WAM Abu Dhabi Global Market (ADGM) in association with the Abu Dhabi Department of Economic Development (Added) unveiled the ‘Abu Dhabi Finance Week (ADFW)’, which is set to run between November 14 and November 18. Following the global success of ADGM’s popular Fintech Abu Dhabi festival, ADFW will further build on the emirate’s position as a ...
Read More »Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Frank-Walter Steinmeier of Germany on the occasion of his country’s Unity Day, which is marked on October 3. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...
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Beijing / WAM China’s automobile manufacturing industry posted a 3.3 percent revenue growth in the first eight months of this year, Chinese news agency, Xinhua, reported. The sector raked in some 5.7 trillion yuan (about $802.84 billion) during the January-August period, up 3.3 percent, official data from the National Bureau of Statistics (NBS) showed. In the first eight months of ...
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Jeddah / WAM Dr Muhammad Sulaiman Al Jasser, Chairman of the Islamic Development Bank (IsDB) group, has said that his group has provided $165.630.5 billion to finance development projects in various economic sectors, since its launch and up to June 30. In an interview with the Emirates News Agency (WAM), Dr Al Jasser said that food security is a ...
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Dubai / WAM DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate. Driven by the ...
Read More »ABU DHABI / WAM Abdulaziz Asaad Abdel Aziz Al Sanad, Chairman of the Gulf Investment House (GIH), said that the GIH, which is based in Kuwait, aims to list three affiliate companies in the Abu Dhabi Securities Exchange (ADX), as well as another company in the Saudi Stock Exchange (Tadawul). In a statement to the Emirates News Agency (WAM), ...
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Abu Dhabi / WAM AD Ports group’s Safeen group and Amaan Baghdad company signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq. The project represents a significant extension of Safeen group’s portfolio of dedicated products and services in the oil and gas ...
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Dubai / WAM DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate. Driven by the ...
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Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced the launch of the Customer First Forum, which comprises virtual sessions scheduled on a weekly basis to respond to queries of the employers and employees in the private sector and UAE nationals seeking employment. The Customer First Forum aims to listen to the feedback of all parties ...
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