ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...

ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects and orphans sponsored by the Emirates Red Crescent (ERC), outside the UAE from the beginning of this year until last September, amounted to AED338.3 million ($92.11 million), benefiting more than 8,500,634 people in many countries across the world. The aid was offered for humanitarian programmes, rescue operations, ...

Bloomberg The US has raised concerns about the ongoing detention of residents and political leaders in India’s Muslim-majority state of Jammu and Kashmir amid months-long restrictions on communication and movement across the region. President Donald Trump’s administration has “closely monitored” the situation in Kashmir after India changed the state’s legal status to create two new union territories — Jammu and ...

Bloomberg India is considering placing curbs on some imports from Turkey and Malaysia, in response to their leaders’ comments on the autonomy of Kashmir, people familiar with the matter said. Prime Minister Narendra Modi’s government is exploring the possibility of both tariff and non-tariff measures to limit import of goods from the two countries, the people said, asking not to ...

Bloomberg The Philippine capital is granting tax perks as it seeks to restore the historic city to its glory, Mayor Francisco Domagoso said in his speech before businessmen. Companies that build along Escolta Street in the country’s old business district will be exempted from business and real property taxes for 15 years, Domagoso said in a speech at the Management ...

Bloomberg Infosys Ltd dragged India stocks lower after an anonymous whistle-blower complaint alleged the software exporter used irregular practices to shore up profits. The S&P BSE Sensex declined 0.9% to 38,963.84 in Mumbai. The NSE Nifty 50 Index slipped 0.6%. Infosys sank 16%, weighing the most on both gauges and offsetting post-earning gains in HDFC Bank Ltd and Reliance Industries ...

Bloomberg Hong Kong Financial Secretary Paul Chan unveiled a range of relief measures worth about HK$2 billion ($255 million) targeting tourism and the transportation industry in a renewed effort to help businesses grappling with the economic fallout of ongoing political turmoil. Widening the scope of a 50% rent reduction announced in an earlier package to include some car parks, restaurants ...

Bloomberg China Inc is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market. In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets — acquired by Chinese firms in recent years — have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles. Ferretti SpA, the ...

Bloomberg India plans to introduce rules to regulate social media because it can cause “unimaginable disruption” to democracy, PM Narendra Modi’s government said in a legal document filed in the nation’s Supreme Court. The government needs three months to formulate the rules to regulate social media platforms offered by companies such as Twitter and Facebook to curb circulation of fake ...

Bloomberg An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice ...