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ADX main index up in week amid lower market cap - Dotemirates
Mubasher - Dotemirates
Mubasher
12/09/2018

ADX main index up in week amid lower market cap

By: Bedour Al Ra’ee Mubasher: The benchmark index of the Abu Dhabi Securities Exchange (ADX) registered an incline of 0.33% or 16.13 points to reach 4,934.44 points by the week ended on 12 September when compared to the previous week. The UAE stock markets will be closed on Thursday, 13 September, on the occasion of the Hijri new year instead of Tuesday, 11 September, and trading will resume on Sunday, 16 September. Market cap shrank by AED 2.152 billion ($585.8 million) during this week to reach AED 489.807 billion ($133.33 billion) compared to AED 491.959 billion ($134 billion) in the...

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Gulf Business
14/07/2019

Kuwait Petroleum hires NBK Capital to advise on $2bn financing

Kuwait Petroleum Corp has hired NBK Capital to advise it on a financing of around $2bn that is likely to come from Kuwaiti banks, two sources familiar with the matter said.One of the sources said negotiations for the financing were in their early stages.KPC did not immediately respond to a request for comment. NBK Capital declined to comment on the financing.The state-owned oil company plans to invest hundreds of billions of dollars by 2040 as part of efforts to boost its crude oil production capacity to 4.75 million barrels per day by that date.The firm’s former chief executive, Nizar al-Adsani,...
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ABC News.AU
14/07/2019

Egypt's 4,600yo Bent Pyramid opens to the public after more than half a century

For the first time since 1965, Egypt has opened the Bent Pyramid — which was built for Pharaoh Sneferu — to visitors as part of a bid to lure tourists from the Great Pyramid of Giza.Tourists will now be able to clamber down a narrow 79-metre tunnel from a raised entrance on the pyramid's northern face to reach two chambers deep inside the 4,600-year-old structure.The 101-metre structure just south of Cairo marks a key step in the evolution of pyramid construction between step pyramids and complete pyramids.They will also be able to enter an adjoining 18-metre-high "side pyramid", possibly built...
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14/07/2019

VW, Ford team up to make autonomous, electric vehicles

NEW YORK: Ford Motor Co. and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.How soon those investments will pay for themselves is an open question across the global auto industry.Ford and VW executives said the latest collaborations could save hundreds of millions of dollars for each company. But the projects would take time to develop, and the size and timing of the payoffs were unclear.The latest iteration of the Ford-VW alliance suggests the German automaker...
Business
ABC News.AU
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New York City power outage plunges Times Square into darkness with subway, businesses and lifts hit

A wide swath of New York's Manhattan borough was plunged into darkness on Saturday (local time) after a transformer explosion knocked out power to subways, stores and Broadway theatres, but the city's main utility said it had restored most power within hours.No deaths or injuries were reported due to the blackout, which officials said began at 6:47pm, and darkened a stretch of the city from West 42nd Street to West 72nd Street. "I just flew over the city and most of the lights are back on, that's clear. Not all of the lights are back on, that's also clear," New...
Business
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Wheatstone gas emissions 'excessive', say residents in north-west WA town of Onslow

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Business