Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, announced the start of trading with the new tick size for stocks of companies with share price of less than AED 1.00 after successful testing of all internal systems, and technical and operational procedures relevant to operating tick sizes. ADX began operations on Saturday with the ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) announced the launch of the new commercial license for ADGM tech start-ups for entrepreneurs. The start-up license is sector-agnostic and enables entrepreneurs to obtain an ADGM operational license, taking advantage of the same globally recognised international operating standards that current ADGM funds, multinationals, SMEs, advisers and other registered entities benefit from. ...

DUBAI / Emirates Business In line with the UAE strategy for Artificial Intelligence and corresponding to the objectives of UAE Vision 2021, the Ministry of Climate Change and the Environment (MOCCAE) has launched the Artificial Intelligence Laboratory in collaboration with Khalifa University of Science and Technology and the International Renewable Energy Agency (IRENA) at the Ministry’s headquarters in Dubai. The ...

AL MUKALLA / WAM The Emirates Red Crescent (ERC), organized the second group wedding for 200 couples in Al Mukalla, Hadramaut Governorate, as part of the directives of His Highness Sheikh Mohamad bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to hold a series of weddings to benefit 2,400 brides ...

DUBAI / WAM The Dubai’s Roads and Transport Authority (RTA), opened an internal road project at Nad El-Sheba 4 and is set to open another similar project at Makan Community, Hatta in the middle of September 2018. Undertaking the two projects is part of the 5-Year Plan endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) launched an advanced language-learning programme which aims to support the tourism promotion operations carried out by the Department’s regional offices in 10 countries around the world. As part of DCT Abu Dhabi’s strategy to develop skills and competencies, the programme is designed to ...

Abu Dhabi / WAM Under Salamt Zadkom Initiative, the Abu Dhabi Food Control Authority (ADFCA) has opened registration in a course to train housewives and housemaids on basics of food safety. As part of its initiatives being held during the Year of Zayed, the course is set to be offered by eight accredited training institutes specializing in preparing housewives for ...

Bloomberg PetroChina Co. is rewarding shareholders with a higher — and symbolic — payout after its best half-year profit in more than three years. The nation’s biggest oil and gas producer raised total dividends for the first six months by almost one-third to 0.0888 yuan per share. The lucky payout — eight is widely considered an auspicious number in China ...

Bloomberg California isn’t ready yet to give up autonomy when it comes to its electric grid. State lawmakers declined to advance legislation that would have laid the groundwork to connect California’s grid to as many as 13 other states. Under the measure, a multi-state regional authority would have managed the flow of power across the U.S. West, allowing more electricity ...

Bloomberg Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter. The Houston, Texas-based company will open a data room and solicit initial bids in September, said the people, who asked to not be identified ...