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Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

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

DP World CEO remains bullish on growth prospects in Africa, India

The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port

nissan gt-r50

Nissan reveals more executives were punished after probe into ex-boss Ghosn

Three senior executives were punished for their involvement, though their names, titles and specific steps to discipline them were not brought to the fore

UAE named top oil exporter to Japan in October

The UAE exported 32.24 million barrels of crude oil to Japan in October

Bahrain bank, China firm create $50m venture capital fund for Middle East tech market

The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers

Indian companies created 854,234 jobs in Dubai – report

Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties

How the Gulf can win the US-China geopolitics game

The UAE is viewed as a gateway for around 60 per cent of Chinese exports to the Middle East

Saudi beats Russia to top spot among China crude oil suppliers in February, according to customs

Supplies from Saudi Arabia to China reached 5.95 million tonnes, or about 1.552 million bpd, data from Chinese customs showed

Saudi prince’s visit won’t change China’s plans for Iran, says Xi

China is committed to forging close ties with both Saudi Arabia, and regional foe Iran

New allegations against Ghosn concern payments to Saudi businessman, say sources

Japanese prosecutors arrested Ghosn for a third time last week, in a case that has rocked the auto industry

Gulf citizens, residents warned against travel to India’s Kerala

The Indian state is currently dealing with a Nipah virus outbreak that has killed 10 people

Saudi King Salman begins month-long Asia tour to promote investment

The king is expected to visit Malaysia, Indonesia, Japan and China

Emirates to start A380 Christchurch flights

New double-decker service to the South Island gateway complements Auckland A380 flights

Kyrgyzstan president says Islamic dress radicalises women

“Our women have been wearing miniskirts since 1950s, and they never thought about wearing an explosive belt,” Almazbek Atambayev was quoted saying

UAE’s Aramex to sell Sydney courier unit to Australia Post

The logistics company acquired Sydney-based Mail Call Couriers in 2014

Fire at Indian temple kills 84

The blaze at Puttingal temple in Kerala is believed to have started by fireworks

Big quake in Afghanistan and Pakistan kills over 200

The 7.5 magnitude quake was centred 254 km northeast of Kabul in Badakhshan province

Etihad to launch daily A380 services to Melbourne from 2016

Deploying the A380 will increase the total number of two-way seats on the route by 26 per cent to over 11,500 per week

Oman, Japan to form $400m fund to invest in food sector

The fund will facilitate direct investment in GCC states by Japanese food and agribusiness firms

Up to 78% of Filipinos in the UAE plan Philippines property buy

New survey finds majority of the respondents plan to buy properties within a price ceiling of around Dhs 167,000

Russia overtakes Saudi Arabia for second time in China crude supply

China bought 983,590 bpd from Russia last month, up 42 per cent year-on-year, while imports from Saudi were down 16.5 per cent at 961,710 bpd

UAE-Taiwan trade hit by oil price drop, yuan devaluation

Taiwan’s exports to the UAE have been stagnant over the last year due to a weak yuan and oil price fall, a senior official said

India’s SpiceJet launches Dubai flights from Amritsar and Calicut

The low-cost carrier will begin operating the two routes from November 15

Qatar Airways to launch daily direct flights to Sydney from March 2016

The new route launch comes after Australia and Qatar agreed to boost flight capacity by 50 per cent