America’s Uber to seal $3.1 billion deal to buy Dubai-based Careem this week

Dubai: Uber Technologies Inc. is set to announce a $3.1 billion (Dh11 billion) cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, the […]

’Flashing amber’: Stocks tumble, bonds rally on US recession risk

Sydney: Investors ditched shares on Monday and fled to the safety of bonds as risk assets fell out of favour on growing fears of a US recession, sending global yields plunging. The gloomy mood was expected to spread across Europe and US markets, Spreadbetters showed, with London’s FTSE futures off 0.3 per cent and E-minis […]

Mohammad Bin Zayed and President of Uzbekistan discuss bilateral ties, latest regional and global developments

ABU DHABI: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met with the Uzbekistan President Shavkat Mirziyoyev on Monday to discuss ways of enhancing bilateral relations and tackling a variety of regional and global issues, according to a statement from WAM. […]