Bloomberg Chinese automobile-chip maker stocks tumbled after the government launched a probe into possible price manipulation, putting a brake on share surges buoyed by a global semiconductor shortage that’s approaching the 12-month mark. Chip developers GigaDevice Semiconductor (Beijing) Inc, Wuxi NCE Power Co. and Hangzhou Lion Electronics Co plunged by their 10% daily trading limit in Shanghai on Tuesday after ...

Bloomberg Overseas investors have loaded up on Chinese stocks by the longest stretch since late April, following a rout last week that pushed the country’s benchmark index to its lowest in almost nine months. Foreigners bought a net 21.5 billion yuan ($3.3 billion) over the past five trading sessions via trading links with Shanghai and Shenzhen, according to Bloomberg-compiled data. ...

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, announced that it will be the title sponsor for the Global Manufacturing and Industrialisation Summit (GMIS) for the fourth consecutive time. Taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the fourth edition of the ...

ABU DHABI / WAM BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together “Mubadala”), on Monday announced the transaction close of the acquisition of Culligan International (Culligan), the global leader in sustainable water solutions and services. BDT Capital Partners, LLC (BDT), affiliated with BDT & Co, LLC, a merchant bank that provides closely held ...

MAKKAH / WAM/ SPA The Technical and Service Authority at the Grand Mosque in Makkah has intensified its preparations for the Umrah season. Sterilisation and perfuming processes of the Grand Mosque and its outdoor parks are going on round the clock to prevent the spread of the Covid-19 pandemic. More than 4,000 workers are sterilising the Grand Mosque and related ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), with alignment to the UAE government vision in promoting digital services, announced opening of accounts remotely and digitally. Through secure access to the Ministry of interior’s Facial Recognition verification system, ADIB becomes the first bank in the UAE to perform instant and highly secure verification before opening a new account. ADIB’s ...

ABU DHABI / WAM Aldar Properties has announced the sell-out of land plots at the second phase of Al Gurm, the beachfront community on the South-West side of Abu Dhabi’s main island. This solid sales performance is the latest indication of the demand for a diverse range of real estate investment opportunities in Abu Dhabi, Aldar said. Available exclusively to ...

ABU DHABI / WAM A Memorandum of Understanding (MoU) was signed between the Ministry of Education, represented by the Commission for Academic Accreditation (CAA), and the High Council for Evaluation of Research and Higher Education (Hcéres) in France. The MoU aims to improve the quality of higher education in the UAE, France and the rest of the world, as well ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED) announced that the Abu Dhabi Government reduced the requirements for starting a new commercial business by 71 percent. In April 2021, a special task force, led by ADDED and launched as part of the department’s Investor Journey Programme, coordinated with more than 20 government entities and the private ...

ABU DHABI / WAM The UAE-Jordanian Parliamentary Friendship Committee on Monday held a remote meeting to discuss ways of enhancing cooperation between the Federal National Council (FNC) and the Jordan’s House of Representatives. The meeting was attended by members of the FNC and the Parliamentary Friendship Committee with Arab Parliaments, including Shaza Saeed Al Naqbi, Head of the Committee. The ...