Bloomberg The nonstop surge in global demand for electronics products combined with the recent flood of foreign funds into Japanese stocks has driven a record win streak in one of the world’s largest suppliers of chipmaking equipment. Shares of Tokyo Electron Ltd gained 1.6% to a fresh all-time high on Wednesday, notching a 15th straight daily advance, its longest-ever win ...

Bloomberg The Philippines raised $866 million from its debut sale of dollar bonds targeted at individuals as it seeks to expand funding from that lucrative investor pool. In a two-part offering, 10-year retail notes were priced at 2.25% and five-year bonds at 1.375%, according to the Bureau of the Treasury. While the debt sale is small compared with the $3 ...

DUBAI / WAM Two humanitarian aid flights ordered by Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum to transport much needed aid to Sudan and Ethiopia have reached Khartoum and Addis Ababa. Under the directives of HH Sheikh Mohammed bin Rashid, the International Humanitarian City in Dubai (IHC) facilitated ...

ABU DHABI / WAM A consortium comprising Aldar Properties (Aldar) and ADQ has submitted for approval by the Egyptian Financial Regulatory Authority (the FRA) an all-cash mandatory tender offer (MTO) for up to 90 percent and a minimum of 51 percent of the outstanding share capital of The Sixth of October for Development and Investment SAE (SODIC or the Company) ...

DUBAI / WAM Mashreq Bank has signed a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support and grow the ecosystem of services available to small and mid-size enterprises (SMEs) setting up in the zone. The MoU will ensure Dafza businesses have access to a wide variety of initiatives including API integration, as well as banking services ...

DUBAI / WAM Expo 2020 Dubai will open up a whole new, immersive world for families — a magical place that merges the fantasy of a vivid imagination with the reality of a world that needs everyone’s help, where children will encounter breakthrough new discoveries, explore world’s ecosystems and learn important lessons about our planet and humanity. Magical mascot shows, ...

ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR) has said that the successful connection of the Unit 2 of the Barakah Nuclear Energy Plant to the UAE grid is another historic milestone for the UAE Nuclear Energy Programme, which will lead to the full commercial operation of Unit 2. In a statement issued on the occasion, FANR ...

ABU DHABI / WAM Etihad Airways is set to embark on a major digital transformation following the signing of a landmark multi-year deal with Amadeus. As part of the deal, Etihad Airways will implement the full Amadeus Altéa PSS suite, including web booking, revenue management and merchandising, data management and passenger servicing solutions. These technology products will be customised for ...

DUBAI / WAM Emirates announced on Tuesday that it will introduce the first scheduled commercial Airbus A380 service to Istanbul, Turkey from October 01. For the first time, travellers to and from Turkey will have the opportunity to regularly enjoy the experience of flying on this iconic double-decker jumbo jet. Emirates will operate the A380 on its daily EK123/124 service. ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) has called again on registrants to benefit from Cabinet Decision No. 49 of 2021 on Amending Provisions of Cabinet Decision No. 40 of 2017 on the Administrative Penalties for Violation of Tax Laws in the UAE. The decision came into effect on June 28, 2021, and includes reductions on administrative penalties ...