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Dubai / WAM The Business Park at Dubai South recorded a 400% growth in companies operating in the park since its inception in early 2015 with the number of companies increasing from 900 in 2015 to 4,500 in 2018. An average of 1,500 new companies has joined the park each year. The park also has a high customer retention rate ...

Dubai / WAM The health of the non-oil private sector in Dubai improved at a marked rate in June. Although the headline index fell from May’s recent peak, reflecting easing travel and tourism growth momentum, stronger expansions were registered in both the wholesale and retail and construction sectors. Furthermore, business confidence accelerated to a survey-record high in June amid a ...

Bloomberg Samsung Electronics Co. opened the world’s largest mobile phone factory in India, in a win for PM Narendra Modi’s flagship programme to lure investors to manufacture in the South Asian nation. The factory was inaugurated by Modi and South Korean President Moon Jae-in during their visit to the facility located at the outskirts of Delhi. This will double Samsung’s ...

Bloomberg China will reimburse the buyer for the cost of the 25 percent tariff on soybean imports from the US if the cargoes are for state reserves, according to people familiar with the matter. Extra duties were applied to a range of US farm products from July 6 in retaliation for President Donald Trump’s tariffs on $34 billion of Chinese ...

Bloomberg Alibaba Group Holding Ltd. is in talks with BT Group Plc about a cloud services partnership as the Chinese internet giant challenges Amazon.com Inc.’s dominance in Europe. An agreement between Alibaba and the IT consulting unit of Britain’s former phone monopoly could be similar to Alibaba’s existing arrangement with Vodafone Group Plc in Germany, according to a person familiar ...

Bloomberg A fierce typhoon is headed in the direction of Taiwan, spurring warnings over extreme weather that risks shuttering schools, businesses and the stock exchange. Super Typhoon Maria could bring strong winds and heavy rains to northern and central Taiwan in the coming days, Central Weather Bureau specialist Judy Wuu said. Taipei, the political and business capital, is on the ...

Bloomberg Nissan Motor Co., the Japanese carmaker that was embroiled in a vehicle-inspection scandal last year, said it uncovered some instances of misconduct involving falsified data about exhaust emissions and fuel economy. The data falsification, which occurred on 19 models across five plants in Japan, was found out when the company was carrying out an internal check about employees conducting ...

Bloomberg A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) LNG terminal that could at last unlock energy exports to Asia. The action is unmistakable in Kitimat, British Columbia, the Pacific coast city ...

Bloomberg The possible replacement of the UK’s aging nuclear reactor fleet may offer China’s ambitious atomic power companies an outlet for investment and technology. That could be the driver behind reports over the weekend by London-based Sunday Times that state-owned China General Nuclear Power Corp “made an approach” about acquiring as much as 49 percent in eight UK nuclear power ...

Bloomberg Political and business leaders gathering for an economic conference in southern France over the weekend called on the European Union (EU) to flex its muscles and save a world trade system disrupted by US President Donald Trump as tariff wars escalate among the US, Europe and China. “If tomorrow, there were to be new hikes of tariffs on other ...