News

Dubai / Emirates Business The DIFC Courts has announced changes to the rules of wills registrations, which will now accommodate all resident and investor assets across the Emirates, as well as assets held outside the UAE. Effective from July 1, the Courts’ Wills Service Centre also confirmed that existing wills registered with the Courts can be amended free-of-charge until August ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation has received a thank you letter from the Director-General of the Agriculture and Irrigation Office in Yemen, Fahmi Al-Ghathanim, in which he expressed his appreciation to the Foundation for its conservation efforts in the Socotra archipelago. In the letter, the Yemeni official detailed the UAE’s efforts in the conservation ...

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 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 India’s Energy Efficiency Services Ltd, responsible for replacing the state’s vehicles with new-energy cars, is seeking to lease electric vehicles to cab companies amid delays integrating them into government fleets. EESL has made offers to lease EVs to Ola Cabs, a Softbank Group Corp-backed ride-hailing service, and Indian taxi firm Meru Cabs, and plans to reach out as well ...

Bloomberg Japan plans to press ahead with its plan to remove South Korea from a list of trusted export destinations, rebuffing a public effort by the US to calm rising tensions between its two key East Asian allies. “This is a change in the management of exports that’s necessary for national security,” government spokesman Yoshihide Suga told reporters in Tokyo. ...

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 ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday that it has entered into a further follow-on pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund. GIC will invest $600 million in select Adnoc crude pipeline infrastructure, following BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) who earlier this year ...