Economy
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World Trade Organization ends meeting in UAE after failing to reach major agreements
Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates ended their summit early Saturday after…
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Lawyers who voided Elon Musk’s $56 billion pay want $6 billion in fees
The lawyers who voided Elon Musk’s $56 billion compensation as excessive on Friday sought a record $6 billion legal fee,…
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India approves $15 bln in milestone chip fabrication plant investments
India’s government has approved $15.2 billion worth of investments in semiconductor fabrication plants, including a Tata Group proposal to build…
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Reliance, Disney announce $8.5 billion giant media merger in India
India’s Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the…
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US aviation regulator gives Boeing 90 days to develop plan to address quality issues
Boeing must develop a comprehensive plan to address “systemic quality-control issues” within 90 days, the head of the US Federal…
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Saudi SNB Capital launches new oil and gas fund in expansion push
Saudi investment bank SNB Capital has raised more than $230 million for a new oil and gas fund as it…
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UAE to start penalizing businesses for late registration with tax authority
The UAE will begin to levy a $2,722 (AED 10,000) fine on businesses that do not register with the tax…
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Shein considers possibility of London IPO amid US resistance to listing
Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of…
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Dubai to sell 25 percent stake in public parking business ‘Parkin’ IPO
The Dubai government plans to sell a 25 percent stake in the city’s public parking business in an initial public…
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China’s COMAC to showcase C919, ARJ21 jets with flying displays in Southeast Asia
Chinese state-owned planemaker COMAC will conduct flying displays of its C919 and ARJ21 jets in five Southeast Asian countries, it…
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