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ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has expanded its sustainable finance outreach to Kenya. The Financial Services Regulatory Authority (FSRA), of ADGM and the Capital Markets Authority (CMA), of Kenya entered into a Memorandum of Understanding on Wednesday to enhance cooperation in sustainable finance in each other’s markets. Paul Muthaura, Chief Executive of CMA, and Philippe Richard, Executive Director-International ...

Abu Dhabi / WAM The number of live births registered in Abu Dhabi over the past ten years has increased by 34 percent, with 38,285 babies born in 2018, compared with 28,456 in 2008. According to a report issued by the Statistics Centre in Abu Dhabi, the number of live births nearly tripled between 1977 and 2018, an increase of ...

ABU DHABI / WAM The Federal Tax Authority (FTA), announced that the sale and possession of all types of cigarettes not bearing ‘Digital Tax Stamps’ will be prohibited across UAE markets starting August 1. In a press statement released on Wednesday, the Authority explained that two types of Digital Tax Stamps were approved, the first of which is ‘Red’ and ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation has received a thank you letter from the Director-General of the Agriculture and Irrigation Office in Yemen, Fahmi Al-Ghathanim, in which he expressed his appreciation to the Foundation for its conservation efforts in the Socotra archipelago. In the letter, the Yemeni official detailed the UAE’s efforts in the conservation ...

Abu Dhabi / WAM Japanese companies are making a strong presence in the UAE, with their number increasing 23.44 percent in the past six years, according to a top Japanese diplomat. “The number of Japanese corporations in the UAE has slowly but steadily been increasing; from 273 in 2013 to 337 in 2018,” Akihiko Nakajima, the Japanese Ambassador to the ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development announced that the registration for the third edition of the ‘Pitch@Palace UAE’ competition, aimed at providing Emirati entrepreneurs with an opportunity to pitch their innovative projects before a global audience in Abu Dhabi has now been extended to August 20. Mouza Al Nasri, Acting Chief Executive Officer, Khalifa Fund, emphasised ...

Bloomberg North Korea greeted US Secretary of State Michael Pompeo’s latest trip to Asia with twin signals of frustration: test-firing missiles and withholding top diplomats from a chance at nuclear talks. Kim Jong-un’s regime fired two short-range ballistic missiles into the sea on Wednesday, the South Korean military said, the second such test in less than a week. The launches ...

Bloomberg China and the US plan to meet again in September to extend trade talks, as the latest round of negotiations in Shanghai ended with signs the sides discussed Chinese purchases of American farm products — a key demand of President Donald Trump. US delegates including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer wrapped up talks with their ...

Bloomberg Hong Kong suffered a day of tempestuous weather, grim economic news and signs that the city’s political crisis is deepening. Gross domestic product contracted 0.3 percent from the previous quarter, while growth on a year-ago basis remained at 0.6 percent, according to data. Both results were well below the estimates of economists surveyed by Bloomberg. Hong Kong’s trade-dependent economy ...

Bloomberg VG Siddhartha, the founder of India’s biggest coffee chain, has been confirmed dead days after he purportedly wrote a letter indicating he was anxious about pressure from banks, investors and the tax authorities. Siddhartha told his driver he was going for a walk, near a bridge close to the southern Indian city of Mangaluru. He was reported missing after ...