Move after GSK demerged its consumer healthcare unit.

Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected to end their policy of raising interest rates. After the Paris CAC 40 reached a fresh record-high at 7,552 points, profit-taking set in and the French index was flat in...

Equity markets rose, with Paris hitting a record-high, as investors reacted positively to easing inflation, recession concerns and some strong earnings. The dollar hit a year-low against the euro after official data this week showed high inflation slowing in the United States, fanning hopes the Federal Reserve would soon stop...

DUBAI, UAE - A UAE group highlighted its technological programs and initiatives aimed at boosting the educational system and reviewed cutting-edge educational technology (EdTech) solutions in UK. The group took part in the education technology exhibition and conference – the British Educational Training and Technology Show – (Bett) held in...

Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said that Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, the chairman of Qatar Islamic Bank, had placed a second round offer. British billionaire Jim Ratcliffe made a revised...

The firm's revenue rose 14 percent to nearly US$2.4 billion.

Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes. Markets were rocked this week by Fed chief Jerome Powell's warning that interest rates could rise should the economy show no...

US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...

Prime Minister Rishi Sunak and European Commission president Ursula von der Leyen adopted the deal at a meeting in Windsor, west of London. The deal follows more than a year of tense talks over the "Northern Ireland Protocol", which has unsettled the province 25 years on from a historic peace...

London, United Kingdom - A consortium led by a Qatari banker announced it had submitted an offer to take full control of Manchester United, with British billionaire Jim Ratcliffe also reported to have lodged a bid. Sheikh Jassim Bin Hamad Al Thani "confirmed his submission of a bid for 100 percent...

LONDON, UK - The independent network Iran International TV said Saturday it had been forced on UK police advice to shut down its London studios, after a "significant escalation in state-backed threats from Iran". "I cannot believe it has come to this," said the network's general manager, Mahmood Enayat, adding that...

Firm's profit rose due to gas and crude oil prices spike.

LONDON, UK - The London stock market jumped to a record peak Tuesday in a positive open across Europe, after hefty gains on Wall Street with all eyes on US inflation. The British capital's benchmark FTSE 100 index of top companies reached as high as 7,986.20 points. "The tailwinds from another...

The firm's revenues rose to US$44.4 billion in 2022.

According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data.

Stock markets largely steadied and the dollar rose with traders forecasting US interest rates to keep climbing following last week's blockbuster American jobs report. Oil prices extended gains after Iraqi Kurdistan suspended crude exports through Turkey as a precaution after a deadly earthquake rocked its northern neighbor and Syria.

Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year on a stronger note. Shares in Paris, Frankfurt and London were higher in mid-afternoon trading. US gross domestic product rose at an annual rate of 2.9 percent in the fourth...

Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices. The Crown Estate, a firm that manages land and property belonging to the British monarchy, said it has launched legal action at the High Court for rental arrears on an...

The acquisition has been finalized at $1.8billion.

Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone. Global equities have enjoyed a largely solid start to the new year, though Wall Street slid on expectations that the Federal Reserve is in no rush to stop hiking US...

The Middle East region welcomed 2023 with fireworks at Burj Khalifa as revelers rang in the New Year without being subjected to Covid-related curbs for first time since pandemic.

The announcement on December 5 that the bookshop will close at the end of this month prompted an avalanche of messages. UK-based Algerian journalist and academic Ouissal Harize wrote on Twitter: "You will definitely be missed. Thank you for giving us a home away from home." The editor-in-chief of Esquire...

Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation. Meanwhile, downbeat economic data out of China and the United States fanned recession fears. Both the Bank of England and the European Central Bank mirrored the Fed's half-point hike on...

The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.

The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses in Europe, US climate envoy John Kerry said. In a BBC interview, Kerry signaled unease over the UK government's decision to permit the opening of a coal mine despite ambitions...

Global stocks rose on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week. Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. After protests across the country, leaders have...

Firm fined due to gaps in anti-money laundering controls.

LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom of Saudi Arabia signed a Memorandum of Understanding (MoU) for mutual recognition of maritime certificates issued in the two countries. The move is in line with their shared vision to...

Move comes UK imposes windfall tax on energy firms.

LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. At their last ministerial session...

Global stocks rose as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, while China signaled a softer approach to fighting Covid. Asian and European equities tacked higher as investors eyed news that eurozone unemployment fell to a record 6.5 percent in October. Oil prices climbed before...

Britain's Trade Secretary Kemi Badenoch and Ukrainian Economy Minister Yulia Svyrydenko will meet in London to unveil the deal, the government said in a statement. "Trading digitally is particularly important in the current conflict, where damage to Ukrainian infrastructure and warfare makes it much harder to trade physically," the statement...

LONDON, UK - Britain on Tuesday ousted China's nuclear firm CGN from construction of its new Sizewell C nuclear power station, which will now be built with remaining French partner EDF. The announcement came one day after Prime Minister Rishi Sunak warned that the "golden era" of UK-China relations was...

Bank will use funds for core business, give cash to investors.

Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen to host the World Cup. Prince Abdulaziz bin Turki Al-Faisal said the Gulf state could be a new home for Cristiano Ronaldo. He said Saudi Arabia would "definitely support" bids...

Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell as concerns over the global economy persist. London stocks were lifted by official data showing UK retail sales rose 0.6 percent in October, rebounding from a 1.5-percent slump in September....

Britain unveiled a painful budget with $65 billion of tax hikes and spending cuts despite confirming its economy was in recession. A day after official data showed UK inflation rocketing to a 41-year high above 11 percent, Finance Minister Jeremy Hunt triggered an era of austerity following the calamitous tenure...

Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key producer Russia's invasion of Ukraine. Runaway inflation comes despite Britain's energy support, which sought to limit annual energy bills at an average of £2,500 per year.

London, UK— King Abdullah of Jordan and UK Prime Minister Rishi Sunak have met in London to discuss the development of strategic relations between their countries. The king expressed Jordan’s keenness to advance its friendly ties with the UK and bolster cooperation in the political, economic and defense fields, Jordan...

King Abdullah said that Jordan looks to further advance relations with the UK, building on the strong ties between the two royal families and peoples.

No financial terms were disclosed of the proposed deal.

Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some of its recent losses versus the euro, while Chinese demand expectations were keeping oil prices in check. Europe's main markets were showing gains some two hours from the close save...

BP, flush with cash, revealed a $2.5 billion share buyback.

Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.

The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while weak economic data added to the turmoil. The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes to...

BP bought US firm to reach net zero emissions by 2050.

Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.

Britain said farewell to Queen Elizabeth II at a historic state funeral attended by world leaders, before a ceremonial journey to her final place of rest. Huge crowds gathered in London to watch as the queen's flag-draped coffin, topped with the Imperial State Crown, was carried slowly to a gun...

After witnessing the sombre scene in parliament's Westminster Hall, Biden, Japan's Emperor Naruhito and other world leaders were due to attend a reception with the late queen's successor, King Charles III. Biden, who flew in late Saturday, has said that Elizabeth, who was queen for a record-breaking 70 years, "defined...

The state funeral for Queen Elizabeth II will be held at Westminster Abbey in London at 11:00 am (1000 GMT) on Monday September 19, royal officials said on Saturday. Buckingham Palace also confirmed that the queen, who died on Thursday aged 96, will then be taken to St George's Chapel...