• Standard Chartered to sell Jordanian business to AJIB

    Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the parties. Standard Chartered, the emerging markets-focused lender, plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to central bank...

  • Syrian students learn German in order to prepare for life abroad

    Damascus, Syria--His medical studies in Syria keep Mohammed Shasho busy enough but whenever he can he also pores over German vocabulary and grammar points in hopes of a move to Europe. Like many youngsters in the war-ravaged country, he dreams of joining the almost one million Syrians already in Germany to...

  • Saudi club Al-Nassr offers Ronaldo US$210m a season

    The Portuguese football star Cristiano Ronaldo is likely to sign a $210 million a season blockbuster deal with Saudi Arabian club Al-Nassr in the wake of his high-profile exit from Manchester United. Ronaldo left United last month and will likely start playing for the new club from January.

  • UAE tax authority tour ensures readiness of tourist VAT recovery scheme

    The Federal Tax Authority of the UAE has organized field tours to ensure the readiness of Self-Service Kiosks, which allow tourists to recover Value Added Tax on their purchases. The kiosks have been placed at all exit ports included in the VAT Refund Scheme for Tourists. Tourists can submit their...

  • Shell exits North Sea oilfield project

    Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as energy firms face fierce pressure to switch to greener fuels.

  • Union Properties exits Dubai shopping deal

    The deal with an unnamed developer was valued at $114m.

  • Bezos to exit as CEO of Amazon

    Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago As he prepares to blast off into a new career stage,...