Regulators in the US and UK have fined Deutsche Bank $630 million in relation to alleged Russian money laundering. Investigators say the scheme illegally moved $10 billion out of Russia, using so-called mirror trades among the bank's Moscow, London and New York offices. Authorities said the German banking giant missed numerous opportunities to spot the operation, which took place between 2011 and 2015, and stop the scheme altogether.
William Denselow reports from Moscow
UAE achieves record FDI investments in 2025: H.H. Sheikh Mohammed
The UAE has "advanced to ninth place globally among FDI destinations and maintained, for the third year in a row, second global position in number of FDI investment greenfield projects, totalling 1,562 projects," said H.H. Sheikh Mohammed bin Rashid Al Maktoum.
Expo City Dubai issues UAE’s first green licences
Expo City Dubai has issued its first 'Green Licences' to six businesses, including small-sized social enterprises and multinational organisations, as it works towards establishing its Green Innovation District.
ADNOC Distribution to acquire South African fuel network in $1 billion deal
ADNOC Distribution will fully acquire Shell Downstream South Africa (SDSA) in a $1 billion deal that will allow the Abu Dhabi company to own its 580 fuel sites.
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict
A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social media company's stock price after agreeing to a $44 billion takeover.
OPEC+ approves further output increase as Hormuz exports start to recover
OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.
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