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UAE leaders congratulate President of Singapore on National Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Halimah Yacob of Singapore, on the occasion of her country’s National Day, which is observed on August 9. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His ...

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Amazon in talks to become anchor investor in Arm IPO

BLOOMBERG Amazon.com Inc is in talks to join other tech companies as an anchor investor in Arm Ltd’s initial public offering, according to a person familiar with the situation, part of preparations for a deal that could raise as much as $10 billion. Amazon is one of several tech companies that have talked to Arm about backing the offering, which ...

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Alibaba, Tencent’s $66b party starts to fade

BLOOMBERG China’s largest tech companies Alibaba Group Holding Ltd and Tencent Holdings Ltd have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature. For the first time since 2021, China’s ...

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