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ABU DHABI / Emirates Business Abu Dhabi Securities Exchange (ADX) announced on Saturday that it has issued an environmental social & governance (ESG) disclosure guidelines for listed companies. The launch of this set of 31 key performance indicators (KPIs) is aligned with ADX strategy which is designed to support economic growth, while providing a sustainable trading environment and encouraging the ...

Abu Dhabi / Emirates business Abu Dhabi-based real estate developer Imkan announced the acquisition of a substantial plot of land in Egypt’s New Cairo district and the appointment of a new CEO for the Egyptian arm of its real estate business, Imkan Misr. Walid El-Hindi, CEO, Imkan, said: “Our latest plot acquisition in New Cairo is a clear indication of ...

Bloomberg President Donald Trump rejected Apple Inc’s bid to avoid tariffs on some computer parts it manufactures in China, saying the company should instead make the components in the US. The Cupertino, California-based technology giant has asked the Trump administration to exclude key components that make up the forthcoming Mac Pro high-end desktop computer from 25 percent import tariffs, weeks ...

Bloomberg Reliance Jio Infocomm Ltd won more subscribers to become India’s biggest telecom operator, as companies prepare for the planned rollout of a 5G network next year. Reliance Jio’s subscriber base grew to 331.3 million in the quarter ended in June, the company reported. That’s higher than nearest rival Vodafone Idea Ltd, which said its users fell to 320 million ...

Bloomberg States that sued to block T-Mobile US Inc’s acquisition of Sprint Corp signalled they aren’t giving up, even after the US antitrust regulator blessed the $26.5 billion deal. New York Attorney General Letitia James, who’s co-leading the lawsuit filed in June, cast doubt on the centerpiece of the companies’ settlement with the government: the sale of assets to Dish ...

Bloomberg Vodafone Group Plc shares gained the most in more than a decade on the phone carrier’s plan to carve out its towers business and consider an initial public offering or minority stake sale of the new unit. The stock rose as much as 10.4 percent, the biggest intraday jump since November 2008, after the carrier announced plans to separate ...

Bloomberg The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA Chief Executive Officer Hilde Merete Aasheim said. The Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming outlook painted by top US producer Alcoa Corp. Russian ...

Bloomberg The US reached a deal with Guatemala to stop migrants from other parts of Central America from claiming asylum in the US, President Donald Trump said, and will instead force them to file a claim in Guatemala, a nation that one refugee advocacy group said is neither safe nor able to handle the task. Trump told reporters during a ...

ABU DHABI / WAM Abu Dhabi’s gross domestic product (GDP) at current prices for Q1 2019 rose by 3.3 percent to AED226 billion, compared to AED219 billion in the first quarter of 2018. The Abu Dhabi’s GDP at constant prices rose to AED207 billion in the first quarter of 2019, compared to AED196 billion for the same quarter of 2018, ...

JAKARTA / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived in Jakarta, marking his state visit to the Republic of Indonesia. Upon the arrival at the Soekarno-Hatta International Airport, Sheikh Mohamed bin Zayed was received by President JokoWidodo of Indonesia. HH Sheikh Mohamed and President ...