It was the hottest IPO in town. Now Nongfu Spring Co.’s stock surge has turned its founder into China’s third-richest person.Shares of the bottled-water maker jumped as much as 85% and closed up 54% ... ( read original story ...)
Dairy business improves as lockdown ceases
The lifting of lockdown has eased the pressure on Bhutan Livestock Development Corporation Ltd (BLDCL) and allowed it to sell the huge accumulated stock of dairy products. Three out of four BLDCL ... ( read original story ...)
Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain's Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank's Egyptian subsidiary, pitting it against Dubai's Emirates NBD, which is also a potential bidder. ( read original story ...)
Bahrain eyes dollar bond to help plug budget deficit
Bahrain has started marketing a three-tranche dollar bond to help plug one of the biggest budget deficits in the world. The Gulf nation is selling benchmark-size seven-year Islamic bonds as well as ... ( read original story ...)
Kuwait’s The Sultan Center ties up with Abu Dhabi’s Pure Harvest for ‘hi-tech’ farm
Alliance will soon finalise land for planned farm for high-quality fruits and veggies Dubai: The Sultan Center, a Kuwaiti supermarket operator, is venturing into ‘agri-tech’ through a deal with UAE's ... ( read original story ...)
Oman Excludes Expats from Sub-Contracted Work
Oman will start prioritizing locals for sub-contracted roles in renewed plans to localize the workforce, national daily Oman Times has reported. Undersecretary Amer Al-Hosni from the country’s labor ... ( read original story ...)
Oman Promotes for Local Tourism in New Campaign
Oman has resumed tourism activity in the country under a new campaign encouraging citizens and residents to patronize local hotels and resorts. The campaign – called Within Oman – was launched by ... ( read original story ...)
Oman’s Bassah Beach to be transformed into resort destination
MUSCAT– National Development and Investment Company (ASAAS) announced the signing of a usufruct agreement with the Office of the Minister of State and Governor of Musandam to develop the Bassah Beach ... ( read original story ...)
Singapore remains open to global talent; aim is to benefit, not substitute Singaporeans: Chan Chun Sing
Singapore’s foreign worker policies are shifting towards “quality rather than quantity” but the country still welcomes foreign talent, ... ( read original story ...)
Temasek’s China Exposure Surpasses Singapore for First Time
Follow Bloomberg on LINE messenger for all the business news and analysis you need.Temasek Holding Pte’s holdings in China surpassed its home market of Singapore for the first time following gains in ... ( read original story ...)