The 21-year-old suspect called the police and said he had fired shots inside the bank.

Dubai: Kingdom Holding Co., one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc., according to the head of Prince Al Waleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we […]

Dubai: The healthcare business is expanding into Dubai’s neighbouring emirates, with Ajman expected to see the launch of a mega medical complex in the next few months. UAE-based company Thumbay Group announced that it will be officially inaugurating its new Dh1 billion Medicity project in March and it will be serving more than 20,000 people daily. […]

Dubai: Saudi Arabia will support Lebanon “all the way” to protect its stability, the Saudi finance minister said, after Qatar announced it would buy $500 million (Dh1.83 trillion) worth of US dollar bonds issued by Beirut to support the Lebanese economy. Lebanon has one of the world’s highest levels of public debt as a proportion […]

Davos (Switzerland): Britain’s pro-Brexit trade chief Liam Fox came to Davos Wednesday to sell a vision of “GREAT” free trade even if many in parliament are aghast at where the country is going. Interviewed by journalists at the World Economic Forum, the international trade secretary said Britain remains a world-leading destination for foreign investment despite […]

Dubai: Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with UK Export Finance (UKEF), the UK government’s export credit agency, to encourage greater confidence amongst traders and investors by enhancing the trade relations as well as boosting investment opportunities between the UK and the UAE. The […]

Paris: Renault has called a board meeting to replace chairman and chief executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn’s arrest in Japan for alleged financial misconduct. The board, which meets at 0900 GMT on Thursday, will consider the proposed appointment of […]

Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown prince of Dubai and Chairman of the Dubai Executive Council, met with top technology executives at the World Economic Forum (WEF) in Davos, Switzerland. Shaikh Hamdan met with Tim Cook, Apple’s chief executive officer, as well as Chuck Robbins, CEO of Cisco. The crown prince […]

The Sharjah Electricity and Water Authority, SEWA, has announced the reduction and standardisation of electricity More…

Nouneh Sarkissian, First Lady of Armenia, recently visited the Sharjah Book Authority, SBA, to explore the emirate’s More…