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Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Dubai ruler Sheikh Mohammed appoints two deputy rulers

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum
  • These appointments were made by Sheikh Mohammed in his capacity as Ruler of Dubai
  • Both officials will assume their new positions immediately, according to the Dubai Media office

Dubai, UAE – Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, on Friday,  appointed Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum as Second Deputy Ruler of Dubai.

These appointments were made by Sheikh Mohammed in his capacity as Ruler of Dubai and both officials will assume their new positions immediately, according to the Dubai Media office.

Sheikh Ahmed bin Mohammed currently serves as the Chairman of Dubai Media Council, while Sheikh Maktoum bin Mohammed holds the positions of UAE’s Deputy Prime Minister and Minister of Finance.