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IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

UAE, Indonesia sign agreement

UAE, Indonesia sign comprehensive economic partnership agreement

The pact will help increase annual bilateral trade to $10bn within five years by removing trade barriers on a range of goods and services

UAE President receives Indian Prime Minister

Narendra Modi offered his condolences to the UAE President and the people on the passing of Sheikh Khalifa bin Zayed Al Nahyan

Mukesh Ambani resigns, son Akash Ambani succeeds as chairman

Mukesh Ambani resigns, son Akash Ambani succeeds as chairman

Mukesh will continue to be the chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands

Kindle

Amazon to shut Kindle store in China

The e-commerce giant will discontinue the Kindle eBook store on June 30, 2023

Plane crashes in Nepal with 22 aboard, all bodies recovered

Of those on board, 13 were citizens of Nepal, while four others were Indians and two were Germans

Panasonic readies new battery Tesla sees as key to $25,000 EVs

Panasonic will start mass production of 4680 batteries in the fiscal year starting April 2023

Dubai’s Emirates, Garuda Indonesia launch codeshare partnership

Emirates customers will have access to seven domestic points in Indonesia beyond Jakarta and Bali

Toyota to resume Japan production after supplier cyberattack

The one-day domestic production stoppage likely impacted around 13,000-vehicles worth of production for the automaker

Human Logic - Gamalearn partnership

Human Logic, Gamalearn collaborate to support region’s education sector

The organisations plan to integrate their technological solutions to boost the growth of the education industry

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Reliance pulls plan to sell oil-to-chemicals stake to Aramco

Reliance and Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake in Reliance’s oil-to-chemicals unit

Indonesia wealth fund, DP World ink pact for port development

The two entities will form a consortium to explore long-term investment opportunities across the country

Fuel prices spike across Asia as global energy crunch takes hold

The electricity crisis is roiling energy markets from Europe to Asia

UAE, India aim to double trade to $100bn in five years

Indian nationals make up one of the largest population groups in the UAE

Dubai’s Emirates to introduce daily A380 service to Istanbul next month

The carrier is the world’s largest operator of A380s, with 118 currently in its fleet

Pilot error, systemic failure likely caused Air India crash

The pilot failed to follow a standard “go-around” procedure that discontinues an approach to a potential unsafe landing

UAE’s Mashreq opens first representative office in Shanghai

With the new office, Mashreq now operates in 13 countries, including the UAE

UAE’s Air Arabia, Lakson Group partner to launch Pakistan’s new low-cost airline

Details about the launch date, fleet, and destination network will be announced in due course

ADNOC awards exploration rights for Abu Dhabi’s offshore block 5 to Pakistani consortium

In a first, Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession

Dubai’s Emirates announces changes in leadership roles across GCC, Africa, other regions

All of the new appointments are effective September 1, 2021

Biden resists Afghan deadline pressure but seeks backup options

Biden promised his administration would spell out on Wednesday how many Americans remain in Afghanistan

Taliban vow no haven for terrorists, breaking with own past

“We assure the international community and especially the US and neighbouring countries that Afghanistan won’t be used against them” – Taliban spokesman Zabihullah Mujahed

Asia’s Richest Men Prep for Battle as Adani Enters Ambani’s Turf

Aramco is in advanced talks on up to $25bn Reliance deal

A transaction would boost Aramco’s sales of crude to India

UAE assures evacuation of diplomatic mission from Kabul

The UAE is also facilitating the safe evacuation of foreign diplomatic staff through its airports

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Tesla dealt big blow as almost all cars in China need safety fix

In most cases, the fix should be able to be made remotely with an online update to the cars’ active cruise control feature

UAE to extend ban on passengers from India until July 6 – airline

The carrier advised affected passengers to reschedule their tickets

UAE-Japan

UAE, Japan to launch business council

Japan is ranked tenth globally among the list of countries investing in the UAE

Covid-19: UAE extends ban on travellers from India

Cargo flights will continue to operate between the two countries