Arif Naqvi, the Abraaj Group founder caught up in a US fraud probe, is still being held in UK jail days after he won bail – because he hasn’t paid the 15 million-pound ($20 million) security bond. Naqvi can be released once he pays, a London court ruled on Friday. But Westminster Magistrates’ Court confirmed […]
Istanbul: The Turkish lira is under renewed pressure and for some investors that means only one thing: the central bank may have to raise interest rates again. As the currency tumbled to a seven-month low on Tuesday, Credit Agricole SA warned of a “vicious cycle” that leads to higher inflation and tighter monetary policy. TD […]
Washington: Chinese Vice Premier Liu He goes to Washington for trade talks on Thursday and Friday, setting up a last-ditch bid for progress toward a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by US President Donald Trump. US officials have accused China of reneging in the past week on […]
Their highnesses exchanged greetings on the advent of the holy month of Ramadan.
‘This will change the lives of our families and we can help others without fear’
Omaha: Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand. The world’s third-richest man also said at his company’s annual shareholder meeting that its recent investment in Amazon was not a shift in strategy to focus on Silicon […]
The businessman had landed in Dubai with just Dh630Â in 2003.
The Duchess of Sussex gave birth on Monday.
FRANKFURT – German industrial equipment maker Siemens says it will cut some 10,000 jobs in a major restructuring that will involve spinning off its oil, gas and power generation business and creating new areas of growth. News of the moves to increase profitability and address the struggling power business sent the company’s share price up […]
German industrial equipment maker Siemens says it will cut some 10,000 jobs in a major restructuring that will involve More…