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Bahrain’s Investcorp invests in India’s Xpressbees

Xpressbees has a presence across more than 2,000 towns and cities in India

Bahrain’s Investcorp acquires cereal and coffee company Viz Branz

Viz Branz has approximately 1,300 employees with manufacturing facilities and operations in China and Myanmar

Saudi oil giant pitches gas to China in cleaner-fuels push

Aramco is the world’s largest oil exporter

Bahrain’s Investcorp invests in Wuhan’s medical testing group, Kindstar

Kindstar offers patients and physicians access to advanced specialty testing services

Abu Dhabi wealth fund culls Japan team, seeking new growth focus

It will continue to invest in Japanese equities but only through its external managers

ADIA, PIF invest $1bn in Reliance’s fiber-optic assets

Both ADIA and PIF are repeat investors in Ambani’s conglomerate after plowing billions in his digital and retail units earlier this year

Samsung Electronics chairman, Lee Kun-hee, dies at 78

The reins are now set to pass to his only son Jay Y. Lee, who’s been the conglomerate’s de facto leader since his father’s hospitalisation in 2014

Abu Dhabi’s ADIA to invest $750m in Mukesh Ambani’s retail unit

Reliance Retail runs supermarkets, India’s largest consumer electronics chain, a cash-and-carry wholesaler, fast-fashion outlets and an online grocery store called JioMart

UAE exports 24.8% of Japan’s crude oil needs in August

Japan’s total crude oil import in August equalled 73.189 million barrels

Saudi Arabia sends blue ammonia to Japan in world-first shipment

Japan will receive 40 tons of blue ammonia in the first shipment

Abu Dhabi hedge fund makes $300m emerging-market wager

The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets

toshiba-logo-company-small

Toshiba completes full exit from laptop business

Two years ago, it sold an 80.1 per cent stake in its PC business to Sharp

Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

India announces additional repatriation flights from UAE

From August 1-29, Air India will repatriate Indian citizens on 22 flights from Sharjah and Abu Dhabi airports

TSMC

Taiwan manufacturer TSMC now controls 51% of global chip market

TSMC is one of only two companies in the world that can produce chips with the 5nm architecture

Coronavirus pandemic drags global M&A to lowest level since 2012

Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012

Pakistan Stock Exchange says building under attack by gunmen

The KSE 100 index, which dropped after news of the attack, gained 0.1 per cent at 11.40am in Karachi

UAE ranks 19th in FDI confidence index backed by strong investor sentiment

China, Brazil and the UAE were the only three emerging economies that ranked on the index

Non-oil trade between UAE, Australia up 17.4% y-on-y in 2019

Aluminium, as well as fresh and chilled meat, topped the list of commodities imported by the UAE from Australia

saudi arabia riyadh

Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

TAIWAN-TECHNOLOGY-COMPUTEX

Computex 2020 show cancelled, next edition to be held in 2021

The organisers cited ongoing worldwide travel restrictions as one of the main reasons for cancelling the show

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Nissan posts biggest loss in 20 years, unveils turnaround plan

A four-year plan calls for production to be cut by 20 per cent to about 5.4 million vehicles a year

Honor

Honor to begin using MediaTek processors in upcoming devices

Honor phones earlier relied on Huawei Kirin processors

Saudi wealth fund exploring an investment in Reliance Jio

Facebook last month agreed to pay $5.7bn for a 10 per cent stake in the digital unit

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

Latest coronavirus case in India travelled from Dubai

The other coronavirus patient travelled from Italy

India’s Reliance, Saudi Aramco accelerate refinery stake sale talks

In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake

Toyota is halting production in China until February 9

Toyota has restricted travel to Hubei province and asked employees to avoid unnecessary travel to other areas of the country

UAE confirms first case of coronavirus

The virus has claimed at least 132 lives in China

Private jet security Is full of holes, Ex-Nissan boss Ghosn proves it

Carlos Ghosn, ex-CEO of Nissan, was arrested and charged with financial crimes, and was facing trial in Japan when he fled the country for Lebanon