British Prime Minister David Cameron has admitted he did have a stake in an offshore trust set up by his late father. The revelation, made to the UK's ITV News, follows his father's name appearing in the Panama Papers leak of financial data from a Panamian law firm. Mr Cameron says he sold all investments in 2010 - the year he became Prime Minister - and that the fund was not used to avoid tax.
G7 to release 100 million barrels from energy stocks
Group of Seven (G7) countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump.
First UAE-built commercial satellite launches successfully
Altair-1, the first commercial satellite built in the UAE, has successfully launched into orbit, marking a major milestone for the country's growing private space sector.
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
The Ministry of Finance has announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday, following the successful completion of subscription, allocation, and settlement.
Abu Dhabi invests AED 300 million to advance public transport
Abu Dhabi has announced plans to invest AED 300 million to upgrade its public transport system with smart tech.
Paramount gets court green light on Warner Bros deal
A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
