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Abu Dhabi / WAM Japanese companies are making a strong presence in the UAE, with their number increasing 23.44 percent in the past six years, according to a top Japanese diplomat. “The number of Japanese corporations in the UAE has slowly but steadily been increasing; from 273 in 2013 to 337 in 2018,” Akihiko Nakajima, the Japanese Ambassador to the ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development announced that the registration for the third edition of the ‘Pitch@Palace UAE’ competition, aimed at providing Emirati entrepreneurs with an opportunity to pitch their innovative projects before a global audience in Abu Dhabi has now been extended to August 20. Mouza Al Nasri, Acting Chief Executive Officer, Khalifa Fund, emphasised ...

Bloomberg North Korea greeted US Secretary of State Michael Pompeo’s latest trip to Asia with twin signals of frustration: test-firing missiles and withholding top diplomats from a chance at nuclear talks. Kim Jong-un’s regime fired two short-range ballistic missiles into the sea on Wednesday, the South Korean military said, the second such test in less than a week. The launches ...

Bloomberg China and the US plan to meet again in September to extend trade talks, as the latest round of negotiations in Shanghai ended with signs the sides discussed Chinese purchases of American farm products — a key demand of President Donald Trump. US delegates including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer wrapped up talks with their ...

Bloomberg Hong Kong suffered a day of tempestuous weather, grim economic news and signs that the city’s political crisis is deepening. Gross domestic product contracted 0.3 percent from the previous quarter, while growth on a year-ago basis remained at 0.6 percent, according to data. Both results were well below the estimates of economists surveyed by Bloomberg. Hong Kong’s trade-dependent economy ...

Bloomberg VG Siddhartha, the founder of India’s biggest coffee chain, has been confirmed dead days after he purportedly wrote a letter indicating he was anxious about pressure from banks, investors and the tax authorities. Siddhartha told his driver he was going for a walk, near a bridge close to the southern Indian city of Mangaluru. He was reported missing after ...

KUALA LUMPUR / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met on Tuesday with Mohamed Azmin Ali, Malaysia’s Minister of Economic Affairs. The two sides discussed bilateral ties between the two countries, and means to enhance them across multiple sectors, particularly in the trade ...

ABU DHABI / WAM A specialised fund launched by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) worth AED600 million, has been announced as part of an initiative to enhance Abu Dhabi’s portfolio of world-class leisure and business events and attract global event organisers to the UAE capital. The new financial stimulus announced by DCT Abu ...

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of- its-kind initiative in the UAE that allows customers to purchase Shari’ah-compliant investment products using credit cards. Starting 15 August 2019, the new scheme enables Noor Bank credit card ...

Bloomberg China said recent violence in Hong Kong protests was the “creation of the US,” for the first time laying direct blame on Washington as their dispute over the unrest escalates. Chinese Foreign Ministry spokeswoman Hua Chunying made the remark at a news briefing in response to comments by US Secretary of State Michael Pompeo. The top American diplomat had ...