Heavy rain was reported in parts of Dubai on Thursday morning.

The showers caused early morning traffic on some roads.

London: The pound hovered below a recent nine-month high on Wednesday before a series of indicative votes in the British parliament on how to break the Brexit impasse. With options including stopping Brexit to a new customs union to Prime Minister Theresa May’s existing deal still in the mix, markets doubt there will be a […]

Washington Corporate America brought $664.9 billion of offshore profits back to the US last year, falling short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. Companies repatriated $85.9 billion in the fourth quarter of 2018, the lowest sum for the year and down from $100.7 […]

Dubai: While Uber’s $3.1-billion-deal (Dh11.39 billion) to acquire Careem will help the San Francisco-based company expand its footprint in the Middle East and Pakistan, customers may be getting the short end of the stick on that mega deal, analysts said. Customers An acquisition of Careem will mean that Uber will have a monopoly in the […]

His grandfather told Khaleej Times that his grandson seemed depressed.

MOSCOW. US carmaker Ford will close three of the four factories of its Russian joint venture after deciding to stop making passenger cars in a country where car sales have slumped in recent years, the company said on Wednesday. Ford said in a statement that it has signed a preliminary agreement with its local partner […]

STRASBOURG European Union lawmakers approved a copyright directive on Tuesday to give writers and artists more protection of their creative rights and incomes, an intensely contentious measure that could have major trans-Atlantic implications for American technology companies. The European Parliament voted 348-274 to pass the online copyright bill, with 36 abstentions. Opponents argued the legislation, […]

RIYADH – Saudi state oil giant Aramco said Wednesday it is buying a 70 percent stake in petrochemicals behemoth SABIC, in a deal state media said was worth around $69 billion. “#Saudi_Aramco is acquiring a 70% stake in @SABIC, the Saudi Arabian Basic Industries Corporation,” Aramco said on Twitter.

This tweet sent the twitterati into a frenzy.