Bloomberg Recent weakness in India’s red-hot property stocks could be short-lived as record low interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view from market watchers, who see large listed firms emerging as biggest beneficiaries amid an ongoing consolidation in $200 billion sector. While the S&P BSE Realty Index ...

Bloomberg Jardine Matheson Holdings Ltd group stocks have turned from some of Singapore’s best performers to the worst this year amid a resurgence of coronavirus infections in Southeast Asia. Shares of the venerable trading firm, which gets more than half of its annual revenue from Southeast Asia, dropped 8.6% last month, ranking it among the worst performers on the Straits ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) has announced it waived its minimum commission fee on trades in all listed securities starting from August 31 to further encourage market participation among individual investors on one of the best performing markets in the world this year. The decision follows the announcement of a 50% reduction in trading commissions ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and US Secretary of Defense Lloyd James Austin reviewed strengthening the defence cooperation ties between two friendly nations and exchanged views over a number of issues of interest. This came in a phone call ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has met with Ferdinand Grapperhaus, Dutch Minister of Justice and Security and the accompanying delegation. The meeting, which took place at Sheikh Saif’s office at the Ministry of Interior (MoI), touched upon several issues of common interest, especially in ...

DUBAI/ WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, said on Tuesday that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, have enabled the emirate ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) has issued the updated ‘green list’ of countries. All travellers arriving from these destinations will be exempt from mandatory quarantine measures after landing in Abu Dhabi. Travellers will be required to present a negative PCR Covid-19 test valid for a maximum of 48 hours ...

DELHI / WAM India and Bahrain are celebrating this year the golden jubilee of their diplomatic relations, India’s Ministry of External Affairs said in a press release. Coinciding with this important occasion, V Muraleedharan, India’s Minister of State for External Affairs, began a three-day visit to Bahrain. On the first day of his visit, Muraleedharan met with Abdullatif bin Rashid ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the signing of a historic exploration concession agreement, awarding exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies — Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil and Gas Development Company Limited (OGDCL), and Government Holdings (Private) Limited ...

Abu Dhabi / Emirates Business ADQ, one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, on Tuesday unveiled its plans to launch the UAE’s first fresh produce AgTech Park to accelerate sustainable innovation-centric food production and distribution. The new AgTech Park project in Al Ain Industrial City ...