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Bloomberg Software maker CrowdStrike Holdings Inc. soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company. Shares opened at $63.50 in New York and rose as much as 97 percent from their IPO price to $67. The stock closed up 71 percent to $58. That valued the company at ...

New Delhi / WAM The UAE Ambassador to India, Dr Ahmed Abdulrahman Al Banna, has met with India’s new Minister for Civil Aviation, Hardeep Singh Puri, and discussed pressing issues relating to cooperation between the two countries in civil aviation. This was the first face-to-face interaction from the UAE side with a member of Prime Minister Narendra Modi’s Council of ...

Sofia / WAM Prime Minister of Bulgaria, Boyko Borissov met His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. During the meeting which came as part of Sheikh Abdullah’s state visit to Bulgaria, Borissov and Sheikh Abdullah discussed bilateral relations between the UAE and Bulgaria and ways to enhance them in a number of ...

LUXEMBOURG / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, met his counterpart Harris Georgiades, Minister of Finance of Cyprus, to discuss ways of enhancing cooperation between the two friendly countries, which extends for more than 50 years. The meeting was held during a visit by a UAE Ministry of Finance (MoF), delegation to Luxembourg. During ...

Dubai / WAM Jebel Ali Free Zone (Jafza), has announced its offering facilities to obtain long term visas for its customers in a bid to attract and retain high calibre talent within the UAE. The move is in line with Resolution No. 56 of 2018, passed by the UAE Cabinet and issued as a decree by His Highness Sheikh Mohammed ...

Bloomberg WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks to buy around 70% of ...

Bloomberg Thailand and Indonesia are at risk of losing a special trade status that gives developing economies preferential access to the US market, according to Maybank Kim Eng Research. Thailand is the second-biggest beneficiary of the decades-old program, known as the Generalised System of Preferences (GSP), while Indonesia is the fourth-largest, Maybank analysts led by Chief Economist Suhaimi Ilias said ...

Bloomberg European Union leaders plan to underscore the importance of the fight against climate change when they meet next week, though their words will stop short of a mandate to move towards zeroing out fossil fuel emissions. Heads of government will pledge “building a more climate-friendly, neutral, green, fair and inclusive future” at the summit in Brussels on June 21 ...

Bloomberg Canadian exporters are reporting widespread concerns about a global recession, with sentiment in the sector falling to the lowest level in seven years, according to a survey by the country’s export financing agency. Export Development Canada’s trade confidence index, a composite gauge based on a bi-annual survey of 1,000 businesses, dropped to 69.8, compared with 73.7 at the end ...

Bloomberg PricewaterhouseCoopers was fined 4.55 million pounds ($5.8 million) by the UK’s accounting watchdog over failings in its handling of technology firm Redcentric Plc, giving fresh ammunition to critics calling for a breakup of the so-called Big Four auditing firms. The penalty was reduced from 6.5 million pounds after the company admitted its wrongdoing ahead of a final decision by ...