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Bloomberg Adani group stocks fell, ending a two-day rally, after MSCI Inc. said it was reviewing the amount of shares linked to the group that were freely tradable in public markets. Any decision by MSCI to cut its assessment of the number of Adani shares considered freely tradable or remove the stocks from its indexes will likely trigger more selling. ...
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February, 2023
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9 February
Stocks advance with US futures as earnings in focus
Bloomberg Stocks advanced with US futures as investors digested a slew of earnings reports and awaited data on US jobless claims. Contracts on US gauges signalled a rebound from Wednesday’s equity losses. Walt Disney Co. surged in premarket trading following better-than-expected results and a restructuring plan that includes job cuts and cost savings. Robinhood Markets Inc. rose on an ...
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9 February
UAE industry leaders discuss path to equitable and sustainable future
Sharjah / WAM The Sharjah Investment Forum 2023 (SIF) hosted a panel session titled “Redefining Economies, Making Significant Strides For a Better Future†to engage in a thought-provoking discussion on the steps necessary to create a more equitable and sustainable future. The discussion explored the importance of investment in advanced technology and innovation, role of research and development, financing ...
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9 February
Turkish envoy praises UAE for its humanitarian relief
Abu Dhabi / WAM Ambassador of Türkiye to the UAE Tugay Tuncer, accompanied by Major General Saleh Mohammed Saleh Al Ameri, Commander of Joint Operations at the UAE Ministry of Defence, has visited Al Reef Base in the capital, Abu Dhabi. Ambassador Tuncer was briefed on the progress of the UAE’s humanitarian shipments provided to the Turkish people. He ...
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9 February
ADGMA-Edge deal to boost UAE’s knowledge economy
Abu Dhabi / WAM Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre in Abu Dhabi; and Edge group PJSC have signed a memorandum of understanding (MoU) to bolster talent development and professional growth. As part of the agreement, ADGMA and Edge will collaborate in areas relating to learning and innovation. They will jointly ...
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9 February
Abu Dhabi, Singapore deepen ties with smart city pilot projects
Abu Dhabi / WAM Six Singapore companies have been matched with Abu Dhabi entities to develop and pilot innovative solutions following the Abu Dhabi – Singapore Smart Cities Open Innovation Challenge, jointly organised by the Abu Dhabi Investment Office (Adio), Enterprise Singapore (EnterpriseSG) and IPI Singapore. The announcement was made during the 14th Abu Dhabi-Singapore Joint Forum (ADSJF) in ...
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9 February
Dana Gas profit hits AED667m in 2022
Sharjah / WAM Dana Gas on Wednesday announced its preliminary financial results for the year 2022. The company reported an increase in revenues by 17 percent to AED1.94 billion ($529 million) in 2022 compared to AED1.66 billion ($452 million) in 2021. The increase in revenues is due to higher realised prices and production output in the Kurdistan Region of ...
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9 February
Sharjah records AED2bn realty deals in January
Sharjah / WAM Sharjah has recorded 2,999 real estate transactions worth AED2 billion during January 2023, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD). The Real estate sector in Sharjah continues to grow and prosper under the continuous support of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler ...
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9 February
UAE’s industrial exports reach AED174b in 2022
Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) issued its annual achievements report on Wednesday, outlining its key outcomes and milestones in 2022. The report has highlighted the ministry’s successful efforts in developing the industrial sector, increasing its contribution to national GDP, creating an attractive business environment for local and foreign industrial investments, and stimulating innovation ...
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9 February
Dana Gas reports net profit of AED667 million in 2022
Sharjah / WAM Dana Gas on Wednesday announced its preliminary financial results for the year 2022. The company reported an increase in revenues by 17 percent to AED1.94 billion ($529 million) in 2022 compared to AED1.66 billion ($452 million) in 2021. The increase in revenues is due to higher realised prices and production output in the Kurdistan Region of ...
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