The British pound has hit the lowest point since 1985, but governor of the Bank of England Mark Carney says it’s to be expected, and the bank is well prepared for this. Carney said: “Inevitably there will be a period of uncertainty. It will take some time to establish new relationships with Europe and the rest of the world. “The Bank of England will not hesitate to take additional measures, as required as markets adjust, and as the UK economy moves forward.”
UAE Central Bank support package reaches AED 6.2 billion
The Central Bank of the UAE (CBUAE) has announced the key outcomes of its comprehensive support package designed to strengthen the resilience of financial institutions.
Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
Dubai Holding, a diversified global investment company with investments in more than 30 countries, has announced the 15 bold scale-ups selected for its 'Innovate For Tomorrow' impact accelerator programme.
ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
ADNOC has become the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF) following a trilateral agreement signed at the 'Make it in the Emirates' 2026.
Trump sets deadline for EU to comply with trade deal or face 'much higher' tariffs
US President Donald Trump has announced on Thursday that he would give the European Union until July 4 to implement trade deal commitments before he raises tariffs on EU goods, including cars, to "much higher levels."
Emirates Group marks record annual profits with 20-week staff bonus
Emirates Group will offer its staff a 20-week bonus after achieving annual record profits of AED 24.5 billion despite facing a disruptive final month of the 2025-2026 financial year due to the Iran war.
