London loses title of biggest European stock market to Paris

Bloomberg London is no longer home to Europe’s biggest stock market. That prize has been taken by Paris. This week on the In the City podcast, David Merritt speaks to reporter Joe Easton, who has been closely monitoring the race for months. In 2016, before the Brexit vote, British stocks were collectively worth $1.5 trillion more than France. The French ...

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AD Ports group inks 30-year land lease deal with Audex

  Abu Dhabi / GULF TIME AD Ports group, the leading facilitator of global trade, logistics, and industry, has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, a leading integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries, with fabrication facilities spread across Asia ...

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UAE condemns attack targeting northern Iraq

  Abu Dhabi / WAM The UAE strongly condemned the attack that targeted the Kurdistan Region in northern Iraq, resulting in deaths and injuries. The Ministry of Foreign Affairs and International Cooperation expressed in a statement the UAE’s solidarity with all measures taken by Iraq to protect its sovereignty, security, and stability, stressing UAE’s support for efforts to establish security ...

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Jakarta to bolster green economy ties with UAE

  Bali / WAM Indonesian Minister of Tourism and Creative Economy Sandiaga Uno has affirmed his country’s eagerness to foster cooperation with the UAE across different sectors, at the forefront of which is the green economy, clean energy, and improving business opportunities. In a statement to the Emirates News Agency (WAM), on the sidelines of the G20 Summit held on ...

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Green Future Project joins Hub71 to advance global climate solutions

  Abu Dhabi / WAM Green Future Project, an Italian ClimateTech platform that offers a turn-key solution for corporate sustainability practices, will contribute to Abu Dhabi’s sustainability efforts by enabling greater access to effective climate solutions for companies as well as individuals across the world from Hub71, Abu Dhabi’s global tech ecosystem. Through its best-in-class portfolio of certified projects, Green ...

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Binance secures licence from Abu Dhabi regulator

  ABU DHABI / WAM Binance, world’s biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The Financial Services Permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by the Financial ...

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Adib to provide Shari’a compliant banking services to ADGM entities

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...

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UAE leads global efforts to promote tolerance, says Sheikh Nahyan

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE leads global efforts to promote the values of tolerance and coexistence. In his keynote speech on the second day of the Global Media Congress marking the International ...

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DXB welcomes SunExpress’ new flight

  Dubai / WAM Dubai International (DXB) added a new connection to its growing list of destinations with the launch of SunExpress’ direct flights between Dubai and the Turkish city of Izmir recently. This is the second Turkish route the carrier now operates into DXB after it launched scheduled operations to Antalya in September earlier this year. SunExpress is operating ...

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Arada to showcase its existing projects at Cityscape Dubai

  Dubai / WAM Arada will once more take part in Cityscape Dubai, which is taking place between November 21-23 at the Dubai World Trade Centre. During the show, which brings together some of the region’s largest developers, Arada will showcase its existing projects, Aljada and Masaar, as well as announcing new expansion plans that cater to the exceptionally strong ...

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