Christine Lagarde has announced that she will no longer be the managing director of the International Monetary Fund (IMF).
She'll soon find out if her nomination to become head of the European Central Bank (ECB) is successful or not.
Lagarde said she will officially leave the IMF on September 12.
He's been the head of the organization since 2011.
UAE, Egypt agree on phased expansion to boost air connectivity
The UAE and Egypt have agreed to establish a phased framework for the gradual expansion of air services between the two countries to meet growing demand for passenger traffic, create new opportunities for airlines and further boost economic ties.
Dubai awards Sustainable Tourism stamp to over 200 hotels
As many as 237 hotels have been awarded the Dubai Sustainable Tourism (DST) stamp for their commitment to responsible hospitality practices.
BMW to cut several thousand jobs in latest blow to German auto sector
BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.
UAE discusses digital safety, AI policies with Snapchat
A UAE delegation has explored ways to strengthen cooperation in digital safety and responsible AI policies with representatives from Snapchat during a meeting in London.
Emirates to allow passengers to book using cryptocurrency
Emirates has officially launched crypto.com pay to allow passengers to book their flights using cryptocurrency.
