The European Union (EU) has chosen Kristalina Georgieva as their pick to be the next head of the International Monetary Fund (IMF).
It came after more than a dozen hours of talks on Friday.
Experts say the sheer length of the meeting showed the level of internal division among the bloc.
Georgieva is the 65-year-old from Bulgaria who is currently the chief executive of the World Bank.
She got the backing of a majority of the 28 EU states to prevail over Jeroen Dijsselbloem from the Netherlands.
Dubai ranked world’s third most startup-friendly city in new global index
Dubai has been named the third most startup-friendly city in the world, according to a new global index that measures how well cities support entrepreneurs and early-stage businesses.
OPEC+ keeps oil output steady following steep price drop in 2025
OPEC+ kept oil output unchanged on Sunday, after oil prices fell more than 18 per cent in 2025, their steepest yearly drop since 2020, amid growing oversupply concerns.
Tesla loses EV crown to China's BYD
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Dubai Duty Free celebrates record-breaking 2025
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UAE updates capital market laws to strengthen financial oversight
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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on his 20 years of leadership.
The UAE’s Deputy Prime Minister and Minister of Foreign Affairs, Sheikh Abdullah bin Zayed Al Nahyan, has met his Zambian counterpart to discuss ways to strengthen relations between the two countries.
Dubai’s Roads and Transport Authority (RTA) has announced 60 per cent completion of work on Oud Maitha Road and Al Asayel Street development project under the broader Sheikh Rashid Corridor Development Project.
