Iconic British toy store Hamley's has been sold to a Hong Kong fashion retailer for around 100 million pounds (AED568 million), according to a source close to the deal. Footwear company C.banner is expected to shortly announce that it has bought the 255-year-old store, known as the oldest toy shop in the world, Reuters quoted the source as saying. The deal comes as Chinese President Xi Jinping is in the United Kingdom for a high profile visit.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
Dollar rises as escalating Middle East tensions spur haven demand
The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets.
Business leaders highlight Dubai’s resilience amid global developments
Chairpersons of several country business councils operating under the Dubai Chamber of Commerce say the emirate is reinforcing its global reputation for resilience and agility amid global challenges.
India to withdraw temporary domestic airfare caps from Monday
India will revoke the temporary fare caps it had imposed on domestic air tickets from Monday, the country's civil aviation ministry said on Saturday.
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Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
