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Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Abu Dhabi Judicial Department, issued a decision to establish a specialised court dealing with commercial law cases, under the name ‘Abu Dhabi Commercial Court’. The move comes as a bid to enhance the emirate’s commercial competitiveness. Commenting ...

Dubai / WAM The Pearl Initiative, a business-led non-profit organisation promoting corporate accountability in the Gulf Region’s private sector, has taken the next big step in fortifying the governance atmosphere for one of the Gulf’s most prolific economic sectors – micro, small and medium-sized enterprises (MSMEs) – by launching a unique digital platform in the Gulf region at a recent ...

HADRAMAUT / WAM Some 1,000 food parcels weighing over 80 tonnes were distributed by the Emirates Red Crescent (ERC), in Yemen’s Hadramaut governorate. Five thousand individuals and families across the Lubna and Al Haseer suburbs in the governorate received the food aid. So far in 2019, the ERC has distributed 26,744 food parcels assisting 133,720 Yemenis residing in the Hadramaut ...

Abu Dhabi / WAM More than 40 representatives from international defence manufacturing companies expressed interest in joining the Sustain and Enhance Emiratisation in Defence and Security (Seeds), programme, latest initiative of the UAE defence and security industry enabler Tawazun Economic Council. This came during a gathering hosted by Tawazun in London earlier this week, to acquaint its international defence partners with ...

Dubai / Emirates Business The search for the 30,000 ‘faces’ of Expo 2020 Dubai is building momentum with Etisalat announced as the Official Premier Partner of Expo 2020 Volunteers. Etisalat will launch an awareness campaign to encourage millions of its customers to volunteer in the lead-up to and during the largest event ever held in the Arab world. The 30,000 ...

Bloomberg India is drawing up a list of ‘must haves’ to enable it to forge ahead with a pan-Asian free trade agreement, as pressure mounts on the South Asian nation to conclude discussions to finalise the pact before end of the year, a senior government official said. Trade ministry officials in New Delhi met late into the night to discuss ...

Bloomberg Vertex Growth Fund, the youngest of a family of technology investment vehicles backed by Temasek Holdings Pte, has raised more money than initially targeted for its inaugural fund. The Singapore-based firm said it has closed the fund at $290 million, exceeding its goal of $250 million. The Vertex Growth Fund is the newest member of a global network operated ...

Bloomberg Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal to relocate its production facility for coins and bank notes to New Clark City, a former US air base where the government is building a back-up capital. “We will build facilities ...

Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

Bloomberg Almost a quarter of businesses in a new survey are thinking of leaving Hong Kong to escape ongoing protests, with most looking to Singapore as their favoured location. Some 23 percent of surveyed companies with an office in Hong Kong are considering moving business functions from the city, while 1 percent already have plans to relocate, according to the ...