August, 2022

• 23 August

  Manga app seeks 2023 IPO in Tokyo at $6 billion value

  

  Bloomberg South Korean messaging giant Kakao Corp.’s manga business is pushing back plans to go public on the Tokyo Stock Exchange until next year, aiming for a valuation of $6 billion or more. Manga app operator Kakao Piccoma Corp had previously planned an initial public offering (IPO) for this December, but is delaying the process amid slumping tech valuations, according ...

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• 23 August

  ADX tops Arab region in buy, sell transactions by foreign investors

  

    Abu Dhabi / WAM The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors. In its latest report on the financial stability of Arab countries, the AMF noted that buying transactions made by foreign investors in the ...

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• 23 August

  UAE’s non-oil foreign trade exceeds record AED1tn in H1

  

    Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE’s non-oil trade achieved a breakthrough during the first half of 2022, as it exceeded AED1 trillion, recording a growth rate of 17 percent over the last half of the year 2021. ...

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• 23 August

  Dubai Cares receives AED5m donation from Car Fare group

    Dubai / WAM Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), has announced that it received an AED5 million donation from Car Fare group, a vehicle rental and leasing organisation, to empower children and youth in developing countries with access to quality education. Car Fare group’s financial support will be directed to Dubai Cares’ programmes ...

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• 23 August

  Nakheel unveils master plan for Dubai Islands

  

    Dubai / WAM Nakheel, the Dubai-based master developer, has unveiled a new vision for the Dubai Islands, redefining the waterfront living concept. Comprised of five islands with a total area of 17 square kilometres, Dubai Islands have been designed to enhance the wellbeing and lifestyles of residents and visitors. Aligning with Dubai 2040 Urban Master Plan, Dubai Islands (formerly ...

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• 23 August

  Abu Dhabi’s low-carbon policy aims to accelerate UAE’s hydrogen strategy

  

    Abu Dhabi / WAM Abu Dhabi Department of Energy (DoE) on Monday announced that the development of its hydrogen policy and regulatory framework aims to accelerate the UAE’s national hydrogen strategy and help the country attain global leadership in low-carbon and clean hydrogen. For the design of this regulatory framework, the DoE is working with key Abu Dhabi government ...

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• 23 August

  Incentives of Nafis program in focus at Abu Dhabi meet

  

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI), in cooperation with the Abu Dhabi Department of Economic Development (Added), the Emirati Talent Competitiveness Council (Nafis), and the Ministry of Human Resources and Emiratisation (MoHRE) have organised a second session for raising awareness about the incentives of the Emirati competitiveness programme “Nafis”. The session also highlighted ...

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• 23 August

  Etihad boosts winter flights to New York

    Abu Dhabi / WAM Etihad Airways has increased flights to New York, United States. From November 15, Etihad will add four weekly flights on the Abu Dhabi – New York route, providing a total of 11 weekly nonstop services to John F. Kennedy International Airport (JFK). The new flights will be operated with a Boeing 787-9 Dreamliner, while existing ...

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• 23 August

  Abu Dhabi Chamber showcases incentives of ‘Nafis’ programme

  

    Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI), in cooperation with the Abu Dhabi Department of Economic Development (Added), the Emirati Talent Competitiveness Council (Nafis), and the Ministry of Human Resources and Emiratisation (MoHRE) have organised a second session for raising awareness about the incentives of the Emirati competitiveness programme “Nafis”. The session also ...

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• 23 August

  Dubai Cares receives AED5 million donation from Car Fare group

  

    Dubai / WAM Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), has announced that it received an AED5 million donation from Car Fare group, a vehicle rental and leasing organisation, to empower children and youth in developing countries with access to quality education. Car Fare group’s financial support will be directed to Dubai Cares’ programmes ...

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