News

  DUBAI / WAM Taaleem Holdings, one of the largest K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, announced on Friday the successful completion of the book building and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM). The price for the new shares to be issued in ...

  Dubai / WAM Emirates Global Aluminium (EGA) and Itochu Corporation of Japan on Friday signed an agreement to explore joint projects in the UAE, which would advance the goals of the nation’s Operation 300bn industrial growth strategy. EGA’s relationship with Itochu stretches back to the 1980s, with the Japanese company marketing EGA’s metal to customers in Japan and Japanese ...

  ABU DHABI / WAM Media should embrace all cultures and all languages together and try to give an objective full picture of the world from different locations, said CEO of Ruptly News Agency, adding that people from all over the world should be equally well heard. In a statement to the Emirates News Agency (WAM), during the Global Media ...

  Dubai / WAM The Emirates Philatelic Association (EPA) participated in the Cape Town 2022 International Stamp Exhibition in Cape Town, South Africa. The exhibitors from 38 countries participated in the show. EPA participants in the exhibition won several medals for their entries. Ahmad bin Eisa Alserkal won a gold medal for his exhibit “A Postal History Study of Airmail ...

  Dubai / WAM The Ministry of Economy honoured 35 UAE companies, graduates of the ScaleUp Export training programme, which was launched by the Ministry in cooperation with global shipping and logistics company UPS under The Entrepreneurial Nation initiative in June. The programme is designed to help enhance the export capacity of UAE’s startups and SMEs by enhancing the flow ...

  Dubai / Gulf Time As the region busies itself with winter visitors, iconic sporting events, UAE National Day and the upcoming festive season, Emirates is highlighting a busy travel period for both inbound and outbound travel through Dubai for the next month, and recommending passengers arrive to the airport three hours in advance of their flight, as well as ...

Bloomberg Masayoshi Son is now personally on the hook for about $4.7 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after mounting losses in the company’s tech portfolio wiped out the value of his interest in the second Vision Fund. Over the years, the Japanese billionaire’s controversial personal stakes in SoftBank’s investments drew ...

  Bloomberg Indonesia’s largest internet company GoTo Group will cut 1,300 jobs as it seeks to curtail expenses and assuage investor concerns over mounting losses. The cuts amount to about 12% of the workforce, the company said in a statement Friday. The ride-hailing, e-commerce and fintech company will begin notifying affected employees right away. GoTo joins tech giants from Apple ...

  Bloomberg India plans to allow transfer and storing personal data in some countries overseas, in a reprieve for global companies including Alphabet Inc.’s Google, Amazon.com Inc. and Meta Platforms Inc.’s Facebook. The government will “notify such countries or territories outside India to which a data fiduciary may transfer personal data,” according to the draft Digital Personal Data Protection Bill ...

  Bloomberg Hong Kong’s economy will grow next year at a slower pace than previously expected, according to economists, as the city struggles to dig itself out of what’s likely to be a deep contraction in 2022. Gross domestic product is projected to grow 2.7% in 2023 from this year, according to the median forecast in a the latest Bloomberg ...