Bloomberg SK Biopharmaceuticals Co., a biotechnology arm of SK Group in South Korea, surged to more than double the company’s initially offered price during its trading debut in the nation’s largest first share sale in three years. The stock soared 159% from the IPO price in Seoul, boosting its market cap to 9.9 trillion won ($8.2 billion). SK Biopharmaceuticals now ...

ABU DHABI / WAM The UAE announced that it is currently considering the return of the Boeing 737 Max aircraft to the UAE’s airspace. The Director General of the General Civil Aviation Authority (GCAA) Saif Mohammad Al Suwaidi said: “The GCAA is closely working with the Federal Aviation Administration (FAA) Boeing and UAE Operators on B737Max return to service since ...

Tokyo / WAM Japan’s imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed. The agency, part of Japanese Ministry of Economy, Trade and Industry, reported that Japan imported 70.7 million barrels during May, of which ...