Bloomberg Brace for a volatile day when Malaysia’s stock market reopens Monday after a three-day break that saw the opposition party win office for the first time in six decades. Malaysia’s FTSE Bursa Malaysia KLCI Index was shut for three days as Mahathir Mohamad led an alliance to unexpectedly beat the ruling Barisan Nasional coalition. In his first remarks as ...

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, attended the Adnoc Downstream Investment Forum in Abu Dhabi on Sunday. The event brought together more than 40 leading global energy, petrochemical and other industry CEOs and 800 senior business leaders as ADNOC outlined its new downstream strategy and plans ...

Abu Dhabi / WAM Masdar has helped generate foreign direct investments (FDIs), to the sustainable energy sector in the UAE, by attracting the best organisations worldwide when it comes to sustainable products, Mohamed Jameel Al Ramahi, CEO of Masdar, told the Emirates News Agency (WAM). Al Ramahi made the remarks on the sidelines of the foundation stone-laying ceremony of Saint-Gobain’s ...

Dubai / WAM The Dubai Electricity and Water Authority (DEWA), signed a Memorandum of Understanding (MoU), with Green Business Certification Inc. (GBCI), an independent organisation that recognises excellence in green business industry performance and practices globally, working in 160 countries. According to the MoU, the two organisations will collaborate in research and development, training, and promoting green buildings by applying ...

Abu Dhabi / WAM The Cabinet approved a resolution pertaining to the Value Added Tax (VAT) for Conferences and Exhibitions, in line with the government’s ongoing efforts to support this sector and to enhance the country’s status as a hub for Meetings, Incentives, Conferences & Exhibitions (MICE). The resolution provides for granting the facilities involved in organising exhibitions and conferences ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), announced the official launch of ACCESSADGM, a fully digital, integrated online client portal that provides over 60 e-services related to visas, work permits, letters, event permits, mailboxes and much more. ACCESSADGM also allows guest users to register on the portal to request a subset of services such as permits for conducting ...

Abu Dhabi / WAM The Middle East Public Relations Association (Mepra), hosted the fourth Leadership Majlis on Sunday, the year’s major communications conference in Abu Dhabi. The 2018 edition brought together almost 200 industry professionals from more than 40 organisations, to uncover the industry’s biggest challenges trends and opportunities. Speakers included senior leaders from the National Media Council, PRWeek, Facebook, ...

Abu Dhabi / WAM Dawaii (Arabic for “medicine”) Campaign has been started at the SEHA facilities to increase public awareness about taking medication while fasting, in accordance with their doctor’s and pharmacist’s instructions during the entire month of Ramadan. Regarding the programme, Mohammed Hassan Al Zaabi, Chief Operating Officer at SEHA, said, “We congratulate you on the holy month of ...

Dubai / WAM In cooperation with Dubai Future Foundation (DFF), Dubai Airport Free Zone Authority (DAFZA) has developed two initiatives with the aim of placing Dubai 10 years ahead of other leading cities under Dubai 10X initiative. The first of them, ‘Dubai Blink’, is the world’s first B2B smart commerce platform while the second is the ‘Free Zone Exchange – ...

Bloomberg The price of crude in rubles has surged to an all-time high, but Russian oil producers will miss out on record first-quarter profit because of a rising tax burden. Investors in Lukoil PJSC or Rosneft PJSC — which is due to publish earnings on May 14 — will probably have to wait until later in the year to see ...