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Dubai / WAM DIFC Courts Wills Registry for Non-Muslims has welcomed the government’s decision to issue long-term visas and believes it will encourage more UAE residents to protect their family’s financial future with the certainty of a safe and enforceable Will. The Wills Registry for Non-Muslims at the DIFC Courts expects to see a rise in Will registration among non-Muslims, ...

HODEIDAH / WAM The Emirates Red Crescent (ERC), distributed over 350 tonnes of food aid and basic supplies to the people of the liberated areas of Yemen’s Red Sea Coast over the past 10 days. The aid is part of the ERC’s ongoing efforts to support Yemeni families and help them face their current humanitarian conditions. Over 71,000 Yemenis, who ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, praised the efforts of Dubai’s Roads and Transport Authority, RTA, in carrying out a series of projects related to Artificial Intelligence (AI), autonomous mobility, and shared mobility/transport. He also commended the RTA’s initiatives aimed at facilitating the ...

Bloomberg While Alberta’s plan to mandate Opec-style production cuts already is boosting oil prices and shares, the revival of Canada’s resource nationalism adds another layer of risk for investors to consider. The removal of millions of barrels of crude from the market will help shareholders of smaller producers who are exempt from the cuts, like Bonterra Energy Corp, as well ...

Bloomberg Nissan Motor Co.’s independent board members were expected to meet on Tuesday to select Carlos Ghosn’s successor as chairman, with their choice to replace the arrested car titan an indicator of the direction the automaker’s alliance with Renault will take. The most likely successors fall on each end of the spectrum: Chief Executive Officer Hiroto Saikawa, who has emerged ...

Bloomberg Unilever’s departing Chief Executive Officer Paul Polman, in a major push into India that may be his last deal, agreed to pay about $1 billion more than his closest rival for GlaxoSmithKline Plc’s consumer business in the country, according to people familiar with the matter. The Anglo-Dutch conglomerate agreed to pay $3.8 billion in cash and stock from its ...

Bloomberg Intellectual property theft is one of the main points of contention in China’s dispute with Washington, and just days after President Xi Jinping promised to resolve the US’s “reasonable concerns,” China has announced an array of punishments for IP theft. The government set out a total of 38 different punishments to be applied to IP violations, starting this month. ...

Bloomberg If you’re a high-net-worth individual in Asia into fine dining, jewellery and luxury skin cream, best not to live in Shanghai. The Chinese city overtook Hong Kong as the most expensive for a basket of luxury goods and services on a price-weighted basis, according to Bank Julius Baer & Co.’s annual Wealth Report Asia, which tracks spending by the ...

Bloomberg Music-streaming service Spotify Technology SA saw its market value jump $779 million as China’s Tencent Music Entertainment Group kicked off its long-awaited US initial public offering. Spotify owns 8.9 percent of the company, whose largest shareholder is Tencent Holdings Ltd. with 59 percent, according to its IPO filing. Spotify closed up 3.2 percent to $140.68 a share on the ...

Bloomberg Less than a decade after the financial crisis nearly tore the euro area apart, a long-anticipated push to shore up the single currency finally started taking shape at a meeting of the bloc’s finance ministers, though it will likely underwhelm those calling for tighter integration. The compromise struck on Tuesday after almost 16 hours of talks in Brussels paves ...