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ABU DHABI / WAM Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX) amounted to AED2.114 billion in June 2017, accounting for 55.4% of total buy trades, with their sales staying at AED1.871 billion, comprising 49.1% of total sell trades, bringing to AED243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the ...

Abu Dhabi / Emirates Business An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends, will see the world’s energy leaders converge on the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017, later this year. Held under ...

Bloomberg President Donald Trump’s campaign committee paid $50,000 in late June to the law firm now representing Donald Trump Jr. in the matter of a 2016 meeting with a Russian lawyer while seeking damaging information about Democrat Hillary Clinton. The June 27 payment to the Law Offices of Alan S. Futerfas came almost two weeks before news of the meeting—involving ...

Bloomberg Xie Shuijuan, a lifelong textile seller in Shaoxing, eastern China, says a clampdown by zealous officials on pollution caused by the local dyeing industry has boosted prices, squeezed her margins, and bankrupted some of her friends. Yet she’s not opposed. “This river used to smell in the summer and garbage floated on the surface,” Xie said, sitting in her ...

Bloomberg China’s drive to dominate the electric-vehicle market has claimed another overseas target. When Japanese electric-vehicle startup GLM Co. needed more funding to put its high-end sports car into production, domestic backers couldn’t muster the financing. The search for an investor ended this week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for ...

Bloomberg First it was the collapsing oil price. Now it’s Britain’s quest to leave the European Union. There’s little respite for the country’s worst-performing property market. Home prices in Aberdeen, Britain’s oil hub on Scotland’s northeast coast, have fallen more than 10 percent over the past three years as the North Sea energy industry slumped. Now it’s the political backdrop ...

Bloomberg Argentina’s IPO market hasn’t had quite the jolt some investors were expecting. A year and a half after President Mauricio Macri took office, new share sales are slow to take off. Just one company has completed an international initial public offering. The delay comes as private companies wait for their valuations to rise, while taking advantage of their low ...

Bloomberg AT&T Inc. is planning major organizational changes to follow the $85.4 billion acquisition of Time Warner Inc., including a redefined role for Chief Executive Officer Randall Stephenson, as the telecommunications giant morphs into a media company. Stephenson will oversee a pair of CEOs who will independently manage the company’s telecommunications and media businesses, according to people familiar with the ...

DUBAI / WAM The Ministry of Finance (MoF) and the Federal Authority for Government Human Resources have launched the first phase of the ‘e-link’ project between the Financial Planning System, the electronic federal budget, “Hyperion”, and the Human Resources Information Management System in the Federal Government, “Bayanati”. The project has been launched to enhance financial planning and cash forecasts, support ...

DUBAI / WAM A delegation from the Roads and Transport Authority (RTA) headed by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, visited France to check on the progress of work in the manufacturing of 50 new trains for the Dubai Metro. These trains will be supplied by the French Alstom Company as part ...