Abu Dhabi: Abu Dhabi sovereign wealth fund Mubadala more than halved its shareholding in Italian bank UniCredit SpA as the holder of about 6 per cent of the world’s oil reserves sells stakes in overseas assets. The fund’s stake declined to about 2.02 per cent as of December 20, according to a filing by the […]
LONDON: British house prices jumped in December by the most in monthly terms in nearly 13 years but the market is likely to show only a modest recovery, mortgage lender Halifax said on Wednesday. Prices rose by 1.7 per cent last month from their level in November, the biggest monthly increase since February 2007, and […]
Dubai Airport Freezone Authority (DAFZA) on Wednesday announced that it contributed 12 percent of Dubai’s AED1.02 trillion ($272 billion) foreign …
Rais Software NZ is a by video game enthusiasts and brothers, John and Nathan Rais. This venture allows them to create and …
Dubai: Noor Bank’s board of directors was reconstituted on Wednesday as part of Dubai Islamic Bank’s (DIB) acquisition of the bank. Last month General Assembly Meeting (GAM) of DIB had approved the acquisition of Noor Bank. “Based on approvals received from the regulators and the shareholders of Dubai Islamic Bank (DIB) and Noor Bank in […]
At least 500 commercial flights travel through Iranian and Iraqi airspace daily.
PARIS: Finance Minister Bruno Le Maire called on Monday on the United States to not follow through on threats to impose sanctions on France in a dispute over taxation of tech giants and warned of retaliation. “This trade war is in no one’s interest and I call on our American friends to display wisdom, to […]
Dubai Media Office issues statement.
Ghosn’s appearance is his first in public since he smuggled himself from Tokyo to Beirut.
UAE reaffirms importance of regional de-escalation.