News

Dubai / WAM DP World, UAE Region has launched ‘The India-UAE Bridge’, a major initiative that will attract Indian trade and investments to its flagship Jebel Ali Port and Jafza by offering end-to-end solutions to companies and entrepreneurs. A joint collaboration of DP World UAE Region, Jafza and the Indian Business and Professional Council (IBPC), the solutions delivered under the ...

Abu Dhabi / WAM The Registration Authority of the Abu Dhabi Global Market (ADGM) signed a cooperation agreement with the Department of Land and Real Estate Regulation in Ajman (ARRA) to foster new business opportunities and strengthen economic integration between the two emirates. Through the agreement, companies registered in the ADGM will be able to own property in freehold areas ...

SINGAPORE / WAM Abu Dhabi Securities Exchange (ADX) represented by Acting Chief Executive Khalifa Salem Al Mansouri, has participated in the 7th edition of the World Islamic Banking Conference (WIBC) Capital Markets Summit Asia that concluded in Singapore. Under the theme ‘stre-ngthening investment outlook through robust capital markets’ the GCC-Asean investment forum was attended by more than 250 professionals. The ...

Bloomberg The US Commerce Department imposed duties of more than 400 percent on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners. In three preliminary circumvention rulings on Vietnamese steel, the Commerce Department said certain products produced in South ...

Bloomberg China is considering buying some US agricultural products as a gesture of goodwill amid the resumption of trade talks between Beijing and Washington, though the volume is likely to be smaller than before, according to people familiar with the situation. Purchases could include soybeans, corn and meat , according to the people, who asked not to be identified as ...

Bloomberg Japanese Prime Minister Shinzo Abe said he doesn’t see a need to raise the nation’s sales tax beyond 10 percent over the next 10 years, a stance that could hamper the government’s efforts to put the nation’s finances in order. “I don’t think there’s a need to raise it for the foreseeable future, for example, the next 10 years ...

Bloomberg Coal may account for half of India’s power generation in 2030 despite a boom in solar and wind energy projects, according to analysis by the country’s power-planning body. The assessment, released by the nation’s Central Electricity Authority (CEA), highlights that the nation has a large existing fleet of coal plants and that there’s a mismatch between peak periods of ...

Bloomberg Indian businessman Vijay Mallya won the right to challenge extradition to his home country, at a hearing where he said he’s been turned into “the personification of all of India’s financial ills” and risks being held in a rat-infested, overcrowded jail cell. Mallya, the former billionaire who was known as the “King of Good Times” in India, is fighting ...

Bloomberg HP Inc and Dell Technologies Inc plan to move as much as 30 percent of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants scramble out of the way of escalating tariffs on US-bound goods. Microsoft Corp, Amazon.com Inc, Sony Corp and Nintendo Co are also looking to move some of ...

Bloomberg Tesla Inc shares surged as a record quarter of deliveries alleviated the worst fears about demand for the Elon Musk-led company’s electric vehicles. The Model 3 maker handed over 95,200 cars to customers in the three months that ended in June, exceeding the previous best mark set in the last quarter of 2018. Tesla’s delivery count exceeded all but ...