News

  Bloomberg GoTo Group has hired banks to help it raise around $1 billion from an initial public offering in Indonesia, according to people familiar with the matter. The company, formed as the result of a merger by the country’s two most valuable internet startups, has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local ...

  Bloomberg After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech. Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year, a ...

  Bloomberg Shares of Indian digital payments giant Paytm closed at the lowest since their market debut last month following the nation’s biggest-ever initial public offering, as investors remain concerned about the startup’s path to profitability. One 97 Communications Ltd, Paytm’s parent company, raised $2.5 billion in its IPO but a 27% plunge in its debut made it one of ...

  Bloomberg Two new cases of the omicron variant were detected in the central Chinese city of Changsha from arrivals into the country, state-backed media Xinhua reported citing the municipal government. The provincial capital of Hunan is the latest place to discover the highly contagious variant in incoming travelers, after the southern province of Guangdong and the northern metropolis of ...

  Abu Dhabi / WAM Committed to empowering, connecting, and investing in startups, Plug and Play Abu Dhabi, the largest innovation enabler in the world, and Abu Dhabi Investment Office (Adio), the government entity enabling investment in Abu Dhabi, have officially announced their final list of founding partners for the Industry 4.0 open innovation platform in Abu Dhabi. Mid Q3 ...

  Bloomberg Oil posted a weekly decline after a volatile few days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy. Futures in New York fell as much as 3.4% to briefly trade below $70 a barrel. It ended the week losing over 1% as daily Covid-19 cases in the UK ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to HH Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of Qatar, on his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed ...

Abu Dhabi / WAM The Bridge | Lifestyle Hub, a world-class landmark fostering natural and holistic wellness to transform people’s lifestyles, has officially opened its doors to the Abu Dhabi community. The 8,000 square metres site is an integrated lifestyle hub, which strives to transform how community members understand health and wellness in Abu Dhabi. It is the latest facility ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) organised field tours to the ‘Self-Service Kiosks’ in Dubai International Airport – part of the Value Added Tax (VAT) Refund Scheme for Tourists – to ensure the system’s readiness. The tour is in line with the FTA’s strategy to provide services that meet taxpayers’ aspirations, and its commitment to abiding ...

  Dubai / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, toured the Panama Pavilion at Expo 2020 Dubai, themed ‘An introduction to the endless opportunities in Panama’. Any Lam Chong, Director of the Panama Pavilion, welcomed Minister of Climate Change and the Environment and accompanied her on the tour. Through a virtual reality cruise on ...