00:00Good day, welcome to the gulf news update for Tuesday, September the 6th.
00:06Here are the top stories at this hour.
00:08The new UAE bankruptcy law will work on ways to avoid bankruptcy cases and liquidation
00:14of debtors' funds, a comprehensive financial restructuring outside the scope of the court
00:19and a possibility to get new loans under terms set by the law.
00:22The law, which was approved by the UAE Cabinet this week, will also prevent individuals from
00:27bypassing it.
00:28There is punishment, including a five-year prison sentence, as well as fines up to a
00:32million dirhams.
00:33The law is likely to come into effect early next year, after the official gazette is issued
00:38in the next few weeks, Obeid Humayun Altayar, Minister of State for Financial Affairs, said.
00:43Philippines President Rodrigo Duterte expressed regret that a tirade against Barack Obama,
00:48in which he abused the US leader, came across as a personal attack.
00:53Longtime allies, the United States and the Philippines, have seen relations plunge under
00:57a barrage of insults from Duterte since he came to office on June 30.
01:02In tennis, Serena Williams broke through another barrier, her 308th Grand Slam match win, taking
01:08her past Roger Federer for the most wins in major tournaments.
01:11She is into the quarterfinals of the US Open.
01:14Williams swept past Yaroslava Shredova 6-2, 6-3.
01:18Zayn Malik has cancelled his October 7 concert in Dubai due to an ongoing battle with anxiety.
01:24Full refunds for tickets bought will be made through Original Point of Sale.
01:27Selena Gomez axed her November 18 concert at the same venue, Autism Rocks Arena, last
01:33week.
01:34She also cited anxiety, panic attacks and depression, referring to them as side effects
01:38of the chronic disease lupus.
01:40And finally, the weather.
01:41Today's high across the UAE will be 42 degrees Celsius, dropping to 30 degrees at night.
01:47That's all for now.
01:48Thanks for watching and as always you can get the latest news on gulfnews.com
01:54.
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