Money

International Monetary Fund needs policy makers to fine-tune monetary tightening and focus on fiscal sustainability

The International Monetary Fund called on policymakers to focus on three priorities to chart a global economic recovery in 2022. These include broader efforts to fight the...

UAE: To acquire 80% stake ‘Zain KSA approves PIF-led consortium’s bid’

Saudi Arabia’s second-largest telecoms company Zain KSA has approved a Public Investment Fund-led consortium offer to acquire an 80 per cent majority stake in...

Business: Skyrocketing US air rage may lead to no-fly lists

The largest US airlines have been working with the Biden administration for months on creating a nationwide no-fly list that would ban from commercial...

UK businessman fights Lebanese banks over $4.6m transfer block

A British-Lebanese businessman is suing two banks who refused to transfer $4.6 million out of Lebanon following the 2019 economic crisis. Vatche Manoukian, 42, repeatedly...

ADQ, Alpha Dhabi, Etisalat and FAB unveil $626m digital banking platform Wio Insurance

Abu Dhabi holding company ADQ received in-principle approval from the Central Bank of the UAE to launch Wio, a new digital banking platform. The total invested capital in the...

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