Dubai / WAM Tecom group announced that it has been successfully listed on the Dubai Financial Market (DFM) on Tuesday, beginning its first day of trading under the ticker symbol “TECOM”. Tecom group has successfully raised approximately AED1.7 billion through an initial public offering (IPO). The final offer price of the global offering was AED2.67 per ordinary share, and the ...

  Abu Dhabi / WAM Abu Dhabi University (ADU) announced a new partnership with the University of Reading, one of the United Kingdom’s (UK) top 30 universities and a world leader in research and teaching in agriculture, food science and climate change. The university’s work on climate change has been recently honoured with a Queen’s Anniversary Prize, the highest national ...

  Dubai / WAM Emirates SkyCargo, a leader in the global airfreight industry, took delivery of its latest Boeing 777-F to boost its fleet capacity and cater to the phenomenal growth in the industry. Emirates’ freight division has seen significant increase in cargo loads across its products, including pharma and fresh produce. In 2021-22, annual tonnage carried crossed 2.1 million, ...

  Abu Dhabi / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, the 18th Liwa Date festival will be held from July 16-24 in Liwa, Al Dhafra Region. During a press conference held virtually on Tuesday, the Cultural Programmes and Heritage Festivals Committee-Abu Dhabi announced the details ...

  Sharjah / WAM The 3rd edition of the Jewels of Emirates Show, organised by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI), has concluded on a high note after four days of fantastic show, attracting over 5,000 visitors from across the UAE. The event has brought together some 20 designers and around ...

Indonesian President Joko Widodo visited Kyiv and Moscow, offering to be a diplomatic bridge between the two. The first Asian leader to make the trip to both capitals since Russia’s invasion of Ukraine, he made a few headlines, but no real progress. Critics saw the journey as image politics. And yet, Widodo’s not wrong to see a role for states ...

Everyone is stressing about consumer debt. Investors have been dropping the shares of big banks, credit-card specialists and younger fintechs because of fears about the pain that rising living costs and interest rates will inflict on borrowers. The weird thing is that households in the US, UK and much of Europe are in pretty good shape and showing few signs ...

  The most visible sign of trouble in the private equity industry right now is the collapse of one deal after another. You can’t do a leveraged buyout without the debt, and financing markets are seizing up. But buyout firms face bigger challenges than putting their stash of idle funds to work. The turn in credit markets has made banks ...

  The global semiconductor industry has gone from imploring the US government to hand out corporate welfare, to threatening the cancellation of investments should the money not come through. They’re desperate moves that belie the tenuous economics upon which an American chip revival is being built, and Congress’s willingness to risk credibility to gain political points. Intel Corp pulled the ...

  Bloomberg Just 20 minutes north-west of Singapore’s Changi Airport — regularly voted the world’s best — is Seletar Airport, the city-state’s second, and far well less known, airfield. It’s predominantly where the super-rich land in their private jets. It’s also where the future of aviation could be taking off. The neighbourhood, more known for its laid-back cafes in restored ...