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Bloomberg The Kremlin is moving hastily to stage sham votes on annexing the regions of Ukraine its forces still control, after Kyiv’s military drove Russian troops from large areas of territory taken in their seven-month-old invasion. The so-called Donetsk and Luhansk People’s Republics, as well as Kherson, may hold their votes as soon as this weekend, Interfax quoted officials as ...

  ABU DHABI / WAM International Holding Company (IHC), the diversified Abu Dhabi-based conglomerate, on Monday announced a direct acquisition of a 15% stake in Burjeel Holdings, the leading regional private healthcare group, in one of the biggest deals in the Gulf’s healthcare sector in recent years. The acquisition aims to scale and diversify IHC’s investment in the healthcare sector ...

  ABU DHABI / WAM AD Ports Group, the leading facilitator of trade, logistics, and industry, has unveiled “KEZAD Group” as part of the plan to consolidate and grow its Economic Cities and Free Zones offering. The move follows the integration of Khalifa Industrial Zone Abu Dhabi (Kizad) and Specialised Economic Zones (ZonesCorp) into the newly formed KEZAD Group (Khalifa ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 72nd meeting held virtually, with Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, also participating. The meeting was attended by Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy, and board ...

DUBAI / WAM The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the future challenges of the labour markets across the globe and their ever-changing landscape, stressing that it is critical to guaranteeing the rights of employers and employees alike. Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, ...

  ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced on Monday that it was awarded the Leadership in Energy and Environmental Design (LEED) for Operations and Maintenance (O+M) version 4.1 Certificate by the US Green Building Council (USGBC), the most widely used green buildings classification system globally. The award was given in recognition of EAD’s outstanding ...

  Bloomberg Oyo Hotels, the once high-flying Indian startup, is reviving plans for a stock-market debut after cost cuts and a recovery in travel helped it reduce losses. The hotel-booking company filed fresh financial documents and is now targeting an initial public offering in early 2023 provided that India’s stock market continues to hold up and economic conditions improve, according ...

  Bloomberg Indian billionaire Gautam Adani’s ascent to rank as the world’s second-richest person has helped fuel a world-beating jump in the nation’s stocks and bolstered their clout among emerging-market equities. Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by ...

  Bloomberg South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth. Shipments of dynamic random access memory fell 24.7% from a year earlier in August, compared with a 7% decline in the previous month, according to data released by the trade ministry. ...

Bloomberg China’s doubling down on its zero-tolerance stance towards Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors. Jilin province, in the northeast of the country, has warned of “increasingly outstanding conflicts” between spending and income. Finances at almost half of its 60 county and district level governments are so tight they are exposed ...