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Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – and DP World, UAE Region, through its subsidiary Jebel Ali Free Zone (Jafza), have signed a Collaboration Agreement that will bring warehousing solutions and logistic services to member companies registered in the DMCC Free Zone. Speaking on the occasion, ...

ABU DHABI The United Arab Emirates is celebrating two cherished and revered occasions, the latest elections for members of the Federal National Council (FNC), and the scientific achievement of the UAE’s first astronaut, Hazza Al Mansoori, who has just completed a visit to the International Space Station (ISS). The term “progressive empowerment” can be applied to both of these events, ...

Bloomberg Hyundai Motor launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road. In a nation of about 150 million drivers, only 130 Kona SUVs were sold to dealers through August. That slow pace is emblematic of the difficulties ...

Bloomberg Indian Foreign Minister Subrahmanyam Jaishankar said that a trade deal with the US is “not that easy,” but trade ministers from both sides were trying to iron out their differences. “It’s a fairly complicated set of issues because you are really looking at trying to clear up issues.” Jaishankar said, speaking at the India Economic Summit organised by the ...

Bloomberg Vietnam’s exports this year may rise between 7% and 7.5% from 2018, a steep decline from the previous two years mainly because of rising global trade tensions, Hai Quan newspaper reported, citing the Ministry of Industry and Trade Ministry. Trade tensions between the US and China, Japan and South Korea, and slower economic growth in some countries reduce demand ...

Bloomberg Apple Inc’s App Store reversed a recent decision to reject a Hong Kong app that shows police activity in the midst of increasingly violent pro-democracy protests in the city. The app, known as HKmap.live, is a mobile version of a website that helps users avoid potentially dangerous areas, according to the developer, who uses the alias Kuma to remain ...

Bloomberg China’s foreign-currency holdings dipped in September, as valuation effects from a stronger dollar weighed on the otherwise stable stockpile. Reserves fell to $3.092 trillion in the month from $3.107 trillion in August, the People’s Bank of China said on Sunday. The reading compares with a median estimate of $3.106 trillion in a Bloomberg survey. The supply and demand largely ...

Bloomberg Equinor ASA has started its Johan Sverdrup oil field, a rare mega-project in the North Sea that’s been a boon for Norway’s offshore industry and now promises to deliver a huge production boost for the country. Discovered in 2010 in an area that had been disregarded by most explorers, the site started production on Saturday and is set to ...

Bloomberg Mozambique’s government said Exxon Mobil Corp. will sign off on an initial investment decision for a liquefied natural gas project that could cost as much as $33 billion to build — the biggest ever in Africa. A ceremony marking the decision will take place Oct. 8 in Maputo, the capital of the southeast African nation, the Ministry of Mineral ...

Bloomberg Newly commissioned Permian Basin crude pipelines have yet to boost US crude exports, as the ongoing US-China trade war weighs on demand from Asia. The US Census Bureau said exports averaged 2.73 million barrels a day in August, up just 40,000 barrels from a month before. That’s despite the start of two widely anticipated crude pipelines from West Texas ...