Sharjah / WAM To further enhance its presence in the region’s market, GAC Group, one of the largest Swedish shipping and logistics companies, which offers complete logistics, freight forwarding and marine services with a globally known, world-class fleet, has opened a new full-fledged branch at the Hamriyah Free Zone. The move is part of GAC’s expansion plans and in conjunction ...

Dubai / WAM The Department of Economic Development (DED), in Dubai issued 4,763 new licenses for various professional, commercial, industrial and tourism activities in October. This comes in line with the continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors. According to the Business Registration and Licensing (BRL), sector in DED 68.1 percent of the new ...

Bloomberg Prime minister Narendra Modi is finally attempting to overhaul India’s most controversial labour laws to attract investment and make it easier to do business in a country where changing archaic rules is a challenge for any government. After a long struggle, his government will push a crucial industrial relations bill allowing companies to hire workers on fixed-term contracts of ...

Bloomberg Troubled Singapore water treatment firm Hyflux Ltd has entered a restructuring deal with Middle Eastern utility Utico FZC. Under the agreement, Hyflux will get investment totalling S$400 million ($293 million) from Utico, according to an exchange filing. The pact caps drawn out negotiations between the two companies. Hyflux, Singapore’s highest profile debt restructuring, had been looking for a white ...

Bloomberg About 2,000 demonstrators marched to Thailand’s Government House to demand a delay in a ban due from December 1 on three pesticides, as a dispute over the plan escalates. The protesters submitted a letter to prime minister Prayuth Chan-Ocha asking for time to assess scientific evidence, the economic impact and whether alternatives are available. Outlawing the chemicals will hurt ...

Bloomberg China and the US “reached consensus on properly resolving relevant issues” and agreed to stay in contact on the remaining points for a “phase one” trade deal during a phone call, the Ministry of Commerce said in a statement. Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin discussed core concerns, according ...

Bloomberg Hong Kong’s exports declined for a 12th straight month in October with the financial hub mired in recession under the ongoing US-China trade war and pro-democracy protests. Exports contracted to HK$348.5 billion ($44.5 billion), a 9.2% drop from a year ago, according to a government release. The median forecast was for a 8.4% retreat, according to economists surveyed by ...

Bloomberg One of the UK’s biggest wind farm developers will combine three offshore wind projects into one massive development, making it more likely the venture will move ahead. Iberdrola SA’s Scottish Power Renewables’s decision means it will consider all the work on a facility with 3.1 gigawatts (GW) of capacity as a single project. The East Anglia wind farms would ...

Bloomberg Slumping solar development in China is hobbling growth worldwide. While worldwide installations are still forecast to rise this year, BloombergNEF lowered its global outlook 6% from its previous forecast as an anticipated building boom hasn’t materialised in China, the world’s biggest clean-energy market, according to a report. BNEF now expects 121 gigawatts of solar to be installed globally. “China, ...

Bloomberg Google fired four employees for what the technology giant said were violations of its data-security policies, escalating tension between management and activist workers at a company once revered for its open corporate culture. Alphabet Inc’s Google sent an email describing the decision, titled “Securing our data,” to all employees, according to a copy of the document obtained by Bloomberg ...