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DWC’s passenger growth up 35%

DUBAI / Emirates Business Passenger numbers at Dubai World Central (DWC), Dubai’s second airport, grew by more than 35 percent in the first half of the year, according to the traffic report issued by operator, Dubai Airports. DWC welcomed 554,993 passengers in the first half of 2017 compared to 410,278 passengers during the first six months last year, a growth ...

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Li Ka-shing’s Hutchison to sell Fiber unit for $1.9 bn

Bloomberg I Squared Capital agreed to pay HK$14.5 billion ($1.9 billion) in cash to buy the fixed-line assets of billionaire Li Ka-shing’s Hong Kong telecommunications business, giving the investor group control of a fiber-optic network serving corporate customers and residents. Hutchison Telecommunications Hong Kong Holdings Ltd. shares surged the most in more than six years on Monday. The company announced ...

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Sohu surges as its Chinese search engine plans US IPO

Bloomberg Sohu.com Inc. rose the most in almost five years after its chairman said the Chinese company’s search engine subsidiary Sogou is on a “very good trajectory” as it prepares for a public listing in the US. Sohu told investors on Monday it planned to file paperwork with the US Securities and Exchange Commission for an initial public offering of ...

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