News

Sofia / WAM The Bulgarian Foreign Minister hailed the opening of the UAE embassy in Bulgaria as a step forward toward further bolstering trade, economic, and investment relations between the two countries. In statements to the Emirates News Agency (WAM), on the sidelines of the Sixth News Agencies World Congress in the Bulgarian capital Sophia, Deputy Prime Minister and Minister of ...

Abu Dhabi / WAM As the UAE and Germany intensify bilateral cooperation following the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Germany this week, Etihad Airways, the national airline of the UAE, is celebrating 15 years of service to Germany. The airline ...

Dubai / WAM Jebel Ali Free Zone (Jafza), has announced its offering facilities to obtain long term visas for its customers in a bid to attract and retain high calibre talent within the UAE. The move is in line with Resolution No. 56 of 2018, passed by the UAE Cabinet and issued as a decree by His Highness Sheikh Mohammed ...

Bloomberg WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks to buy around 70% of ...

Bloomberg India is seeking to raise tariffs on a slew of products imported from the US starting next week, just days ahead of a visit by US Secretary of State Michael Pompeo aimed at deepening defense and energy ties between the two nations. The decision to impose tariffs on as many as 29 products will be announced, said senior officials ...

Bloomberg As Fiat Chrysler Automobiles NV and Renault SA move on from their failed merger talks, a revival of discussions would depend on overcoming at least two major obstacles. Fiat blamed “political conditions in France’’ when it withdrew its proposal, and a signal from the French state that it would give up its sway over Renault would be necessary for ...

Bloomberg Two days ago, Zhong Huijuan wasn’t even the richest person in her family. Now, she’s become the wealthiest self-made woman in Asia with a $10.5 billion fortune, according to the Bloomberg Billionaires Index. The bulk of her wealth comes from her stake in Hansoh Pharmaceutical Group, China’s largest maker of psychotropic drugs, which soared 37% last week in Hong ...

Bloomberg Thailand and Indonesia are at risk of losing a special trade status that gives developing economies preferential access to the US market, according to Maybank Kim Eng Research. Thailand is the second-biggest beneficiary of the decades-old program, known as the Generalised System of Preferences (GSP), while Indonesia is the fourth-largest, Maybank analysts led by Chief Economist Suhaimi Ilias said ...

Bloomberg European Union leaders plan to underscore the importance of the fight against climate change when they meet next week, though their words will stop short of a mandate to move towards zeroing out fossil fuel emissions. Heads of government will pledge “building a more climate-friendly, neutral, green, fair and inclusive future” at the summit in Brussels on June 21 ...

Bloomberg The US budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise. The shortfall was 38.8 percent more than the same period a year ago, the Treasury Department said in its monthly budget review. ...