A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
UK and GCC strike landmark trade deal
Britain said on Wednesday it had secured a trade deal with the Gulf Cooperation Council (GCC) worth $5 billion a year in the long run.
H.H. Sheikh Hamdan reviews Dubai Customs’ efforts to ensure smooth trade flow
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defence, has reviewed Dubai Customs' efforts to maintain smooth trade and supply chain operations amid global geopolitical developments.
New UAE pipeline bypassing Hormuz 50% complete, says ADNOC CEO
The UAE’s new crude oil pipeline bypassing the Strait of Hormuz is now 50 per cent complete, as the country accelerates its delivery towards 2027.
School fee payments set to become easier under new Tabby partnership
Families in the UAE can pay their children's school or university fees, transport and extra curricular activities in monthly instalments using payment app Tabby.
Don't fight AI, HSBC CEO tells staff as banks begin job cuts
HSBC appealed to staff not to fight AI on Wednesday, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human capital".
