April, 2019

• 21 April

  ADX launches campaign to enhance investor services

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), has launched ‘Your Cash Dividend in Your Bank Account’ awareness campaign, which aims at encouraging investors to provide ADX with their International Bank Account Number (IBAN), UAE ID details, and contact information, to ensure receiving their cash dividends directly into their bank account. ADX urged investors to update their information through ...

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• 21 April

  India’s cultural richness to be highlights at ADIBF 2019

  

  ABU DHABI / WAM Thousands of literature enthusiasts and industry professionals from the Emirate of Abu Dhabi, the region and around the world are expected to attend, the upcoming Abu Dhabi International Book Fair (ADIBF 2019), reinforcing the emirate’s position as a global hub for publishing. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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• 21 April

  Ajman, Ireland to boost cooperation in key areas

  

  Ajman / WAM Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Department of Municipality and Planning in Ajman, and Pat Breen, Irish Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, discussed ways of advancing cooperation between Ajman and Ireland in the areas of health, innovation, technology and business. Both sides also discussed means ...

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• 21 April

  Total mulls AI use to cut costs

  

  Bloomberg Total SA plans to start a digital factory in the coming weeks to tap artificial intelligence in a bid to save hundreds of millions of dollars on exploration and production projects, according to an executive. The use of artificial intelligence to screen geological data will help identify new prospects, and shorten the time to acquire licenses, drill and make ...

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• 21 April

  Taiwan loans get a ‘wind power’ boost

  Bloomberg After marking the best start in seven years, Taiwan’s booming loan market is about to get a further fillip. Jumbo financings for offshore wind farm projects are expected to drive syndicated loan volumes this year, according to CTBC Bank. Taiwan’s bid last week to coax its business people to bring back home billions in overseas assets is set to ...

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• 21 April

  Mukesh Ambani’s bet on rise of Indian consumer paying off

  

  Bloomberg Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his $87 billion empire. The two divisions accounted for a combined 23 percent of revenue for the year ended March, up from 17 percent in the previous ...

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• 21 April

  Beijing proposes larger penalties on fake vaccine makers

  

  Bloomberg China is intensifying its crackdown on makers of ineffective vaccines by introducing heavier penalties and more stringent regulations. Companies guilty of making or selling counterfeit vaccines can be fined between 15 to 30 times the value of the products involved, China News Service reported, citing the second draft of a new vaccine management law. That compares with a proposed ...

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• 21 April

  Japan still holding back talented women, says Goldman

  

  Bloomberg Working women are playing a bigger role in Japan than Goldman Sachs’ Kathy Matsui thought possible when she penned her first report on “Womenomics” in 1999. Yet the country needs to pick up the pace of change or risk being overtaken by a demographic crisis. Two decades ago, Matsui struck an optimistic note amid general gloom over Japan in ...

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• 21 April

  Payment reports for Venenzuela oil false: Reliance

  Bloomberg Reliance Industries Ltd does not have any arrangement to buy crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties and media reports of such a mechanism are false, it said. “Reliance has purchased Venezuelan crude oil from companies such as Rosneft long before the imposition of US sanctions, as they do get title ...

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• 21 April

  Nintendo soars as Tencent wins Switch game approval in China

  

  Bloomberg Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest games market. Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice ...

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