A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
UAE to participate in annual IMF, World Bank meetings in Bangkok
A UAE delegation is set to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), taking place in Thailand's Bangkok from October 12-18.
Beauty World Dubai draws 62,000 visitors despite tough year for events
Beauty World Dubai has wrapped up its 30th edition at the Dubai World Trade Centre, drawing more than 62,000 visitors from over 170 countries
Nakheel awards contract to upgrade western shoreline at Dubai Islands
Nakheel, a member of Dubai Holding Real Estate, has awarded Mar Marine & Building Contracting LLC a contract for marine and beach works on Island B at Dubai Islands.
NMA and TikTok train young Arab media leaders in digital storytelling
The National Media Authority (NMA) has teamed up with TikTok to run a training session for young media professionals from across the Arab world.
UAE Attorney-General Dr. Hamad Saif Al Shamsi said investigations into the flydubai flight FZ1073 revealed the co-pilot began a "premeditated terrorist plot" to seize control of the aircraft and use it to launch a "suicide attack" targeting the passenger terminal at Ben Gurion Airport in Tel Aviv.
Etihad Airways and flydubai have announced cancellations of flights to Saudi Arabia's capital city of Riyadh for two days after Houthi missile attacks targetted King Khalid International Airport.
Flights carrying food aid to Gaza have begun operating from Al Maktoum International Airport on Friday under the Ahmed bin Rashid Humanitarian Bridge.
