December, 2019

• 24 December

  Ministry announces plans to promote SME sector in 2020

  

  Abu Dhabi / WAM The National Programme for Small and Medium Enterprises of the Ministry of Economy, the executive arm of the UAE SME Council, announced its plan to support and stimulate the country’s SME sector and promote entrepreneurship during the year 2020, encompassing specialised training programmes and courses for entrepreneurs, establishing a link with the European Business Network, etc. ...

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• 24 December

  DLD meetings in London promote Dubai’s realty sector

  

  Dubai / WAM As part of its keenness to communicate with its global partners, and establish cooperation relations with them to promote and develop Dubai’s real estate sector, the Dubai Land Department (DLD), through its Registration and Real Estate Services sector, toured London, during which it held seven benchmark meetings with its most prominent partners across several fields. Majid Al ...

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• 24 December

  Abu Dhabi Ports set to close a record-breaking 2019

  

  Abu Dhabi / Emirates Business Abu Dhabi Ports is on-pace to close 2019 with impressive year-to-date results and recording-breaking milestones, underlining the company’s continued contribution to the UAE’s non-oil GDP. Two of these milestones were achieved in the eleven months spanning from January to November 2019. During the period, the company handled more than 20 million tonnes of general cargo ...

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• 24 December

  Thai government deepens crackdown on opposition

  

  Bloomberg The looming dissolution of Thailand’s highest-profile opposition party is set to strengthen the military-backed government’s grip on power as authorities signal their next move against the movement’s popular leader. The Future Forward party of Thanathorn Juangroongruangkit, the third-largest in parliament, faces a trial as early as January for funding violations that it denies. Separately, Thanathorn and one other party ...

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• 24 December

  North Korean workers abroad under scrutiny by US, allies at UN

  

  Bloomberg The US and its allies called on United Nations members to reveal whether they’re complying with UN-imposed sanctions requiring the repatriation of North Korean workers, part of an effort to squeeze Pyongyang of much-needed foreign currency inflows. As part of a series of resolutions passed in 2017, UN member states were required to send back all North Korean laborers ...

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• 24 December

  Japan, South Korea tone down feud at summit yet row remains

  

  Bloomberg In a landmark summit, the leaders of Japan and South Korea signaled they wouldn’t let relations spin out of control even as they made little progress in resolving disputes that have plunged relations to new depths. South Korean President Moon Jae-in told Japanese Prime Minister Shinzo Abe that cooperation was crucial in the face of regional security threats as ...

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• 24 December

  Modi government to start population register scorned by opposition leaders

  

  Bloomberg Prime Minister Narendra Modi’s government said it will start building a comprehensive identity database of all those living in India, amid a growing public uproar over the administration’s move to grant citizenship to undocumented migrants based on religion. The plan to create a National Population Register has been criticized by the opposition as a precursor to countrywide citizens register ...

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• 24 December

  Typhoon hits Philippines, disrupts Christmas travel

  Bloomberg An intensifying storm struck the Philippines on Christmas Eve, disrupting holiday travel plans in Asia’s largest Catholic nation. Typhoon Phanfone, called Ursula locally and upgraded from a tropical storm, hit the central Philippines on Tuesday, stranding thousands of travelers and prompting authorities to advise residents in flood- and landslide-prone areas to leave their homes. Phanfone made landfall in Eastern ...

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• 24 December

  Asia’s richest man added $17 billion to his fortune this year

  

  Bloomberg It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost ...

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• 24 December

  HK residents eye homes overseas amid protests

  

  Bloomberg Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. ...

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