Home World Asia-pacific

Asia-pacific

UAE to extend ban on passengers from India until July 6 – airline

The carrier advised affected passengers to reschedule their tickets

UAE-Japan

UAE, Japan to launch business council

Japan is ranked tenth globally among the list of countries investing in the UAE

Covid-19: UAE extends ban on travellers from India

Cargo flights will continue to operate between the two countries

UAE’s ADNOC keen to explore hydrogen market with India’s public, private sectors

Dr. Al Jaber said the UAE is well placed to capitalise on the potential of Hydrogen as a zero-carbon fuel

UAE partners with Japan for mission to send ‘Rashid’ rover to the moon

The Emirates Lunar Mission is one of the initiatives under the Mars 2117 Programme, which aims to build a human colony on Mars

Head of UAE’s Lulu Group safe after chopper crash lands in India

No major injuries were reported

One-time pioneer LG Electronics to close smartphone business

Phones constituted 8.2 per cent of LG sales last year

Philippines extends Manila’s lockdown on surging infections

The government will decide in a week if the capital and nearby areas can shift to a looser lockdown so more businesses can reopen

UAE lender FAB opens Jakarta office to facilitate regional trade

FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, the wider GCC region, Egypt and Asia

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

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