September, 2019

• 10 September

  Oil rises as Opec says demand estimates ‘very conservative’

  

  Bloomberg Oil advanced to highest level since July after the head of Organisation of Petroleum Exporting Countries (Opec) said that the group had been “very conservative” with its oil demand estimates and that there was no global recession on the horizon. Futures rose as much as 1.6% in New York on Tuesday, gaining for the fifth consecutive day. At a ...

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• 10 September

  Arabtec in talks to merge with Abu Dhabi’s Trojan

  

  Bloomberg Arabtec Holding shares soared in Dubai after the company started talks to merge with Abu Dhabi-based Trojan Holding LLC. The stock advanced as much as 13%, the steepest intraday gain since July 2017, as Arabtec said the entities began a study to potentially combine their construction businesses and may merge after technical, financial and legal reviews. It didn’t provide ...

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• 10 September

  India-China spat delays deal covering a third of global trade

  

  Bloomberg A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade. Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years of talks and vowed to wind them up before a regional summit in November. But officials involved in the process say ...

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• 10 September

  Aramco readies banks as IPO imminent: CEO

  

  Bloomberg State oil giant Saudi Aramco said it’s lining up banks for its long-awaited initial public offering (IOPO) as the sale is now imminent. Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi. Confirmation of the underwriters will signal that the share sale — set to be the world’s largest — is ...

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• 10 September

  Abu Dhabi, Estonia boost digital ties

  ABU DHABI / WAM President of Estonia Kersti Kaljulaid, received a delegation from Abu Dhabi Digital Authority, headed by Dr Rauda Saeed Al Saadi, Director-General, during an official visit at the presidential office. The visit is in line with the authority’s commitment to keeping pace with the global technological advances in digital solutions that will enhance Abu Dhabi’s leading position ...

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• 10 September

  Prices of 410 medicines cut

  

  Dubai / WAM Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, issued a Ministerial Decree No. 130 of 2019 on reduction of price of 410 similar drugs, in line with government’s directives to reduce prices of services, and based on ministry’s keenness to provide medicines at competitive prices. Accordingly, the Ministry of Health and ...

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• 10 September

  ‘Sharjah Youth’ organises ‘Be a businessman 2’ diploma programme

  

  Sharjah / Emirates Business Sharjah Youth, an affiliate of Rubu’ Qarn Foundation for Creating Leaders and Innovators, organized the “Be a businessman 2” miniature diploma program, which targeted 16 of youth members at Sharjah youth and was presented by the consultant Hazza Ibrahiam Al Mansoori. The aim of this program is to raise the youth’s awareness on the importance of ...

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• 10 September

  Ajman Free Zone supports AI in corporate world exhibition

  

  Ajman / Emirates Business Ajman Free Zone was the silver sponsor at an exhibition, AI Made Real, which examined the use of artificial intelligence (AI) in the corporate world. The event attracted a wealth of businesses from the IT field, which Ajman Free Zone has marked as a key sector for attracting investment, and it provided an excellent opportunity for ...

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• 10 September

  Abu Dhabi highlights UAE’s rich heritage at Moscow book fair

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has concluded its participation at the Moscow International Book Fair (MIBF), which took place in the Russian capital. As Russia has been chosen as the Guest of Honour for the 30th edition of Abu Dhabi International Book Fair next year, DCT Abu Dhabi used ...

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• 10 September

  ADX, FAB to provide dividend distribution via digital wallet

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), partnered with First Abu Dhabi Bank (FAB), to distribute cash dividends to its registered investors electronically through the bank’s digital wallet, payit. The digital wallet will empower users to manage their stock exchange requirements through the “ADX Digital Wallet” powered by Payit. With payit, ADX now provides another method of distributing ...

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