DUBAI: Middle Eastern funds plan to increase their investments in the UAE over the next three months while keeping their exposure to other countries in the region at current levels, according to a Reuters poll. Fund managers expressed optimism in the UAE, with more than half of the 11 polled in February saying they would […]
UN welcomed Pakistan’s offer to release Indian pilot.
General Assembly President Maria Fernanda Espinosa joined in the international call for dialogue between India and Pakistan.
Hamza bin Laden was declared by the US as a global terrorist two years ago.
Sources say companies may announce a cash-and-shares transaction that values Careem at about $3bn
NICOSIA: ExxonMobil has made the world’s third-biggest gas find in the last two years off the cost of Cyprus, the country’s government said on Thursday. Energy Minister Georgios Lakkotrypis said the discovery of an estimated 5-8 trillion cubic feet of gas offers hope for more discoveries in waters off the east Mediterranean island nation, which […]
Amazon.com Inc board of directors elected Indra K. Nooyi as director of company, and also appointed her to audit committee of board. Nooyi is the second high-profile addition to Amazon’s board this month. Amazon recently added Starbucks COO Rosalind Brewer to its board. Brewer, who has been COO of Starbucks since October 2017, was also […]
HONG KONG: Chinese start-up Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a US IPO in 2019, said people with direct knowledge of the matter. Goldman Sachs and Morgan Stanley are also advising Luckin, one of the quickest firms to reach […]
The Emirates Maritime Arbitration Centre (EMAC) has been established in answer to a call from the maritime cluster in the region for specialised alternative dispute resolution (ADR) services closer to home. To answer the call, an Emiri Decree issued in 2016 formally established EMAC, which is run by a highly skilled secretariat and overseen by […]
The first ruling issued by a Dubai civil court regarding compensation to a family of the victims of the crash.