Bloomberg VinFast, an electric vehicle maker backed by Vietnam’s richest man, is weighing whether to hold its planned initial public offering in the US as soon as January 2023. The unit of conglomerate Vingroup JSC could raise at least $1 billion but it could also be more depending on interest, one of the people said, asking not to be ...

  ABU DHABI / WAM The Global Media Congress, which was held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, has successfully enhanced its stature as a pioneering regional and international platform for the media industry. The event’s first edition, which concluded on November 17 in Abu Dhabi, ...

Abu Dhabi / WAM AD Ports group on Friday announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries and LTM revenue and Ebitda of AED6.91 billion and AED555 million, respectively. The total purchase consideration (enterprise value) for 100 percent ownership amounts to AED2.5 billion, implying an LTM EV/Ebitda of 4.6x. This value ...