British Prime Minister David Cameron has admitted he did have a stake in an offshore trust set up by his late father. The revelation, made to the UK's ITV News, follows his father's name appearing in the Panama Papers leak of financial data from a Panamian law firm. Mr Cameron says he sold all investments in 2010 - the year he became Prime Minister - and that the fund was not used to avoid tax.

UAE, Montenegro to develop renewable projects under new partnership
UAE joins US-led Pax Silica initiative to bolster technology supply chain
H.H. Sheikh Hamdan hails Dubai Chamber of Commerce growth milestone
Netflix prepares all-cash offer for Warner Bros, source says
UAE, Nigeria sign comprehensive economic partnership agreement
