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
China, Pakistan aim to revamp economic corridor, Gwadar port
China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbours said on Tuesday.
H.H. Sheikh Mohammed reviews UAE tourism sector achievements for 2025
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has highlighted the UAE's strong performance in the tourism sector by unveiling a record 9.7 per cent growth in hotel revenues in 2025.
UAE outlines vision for low-emission hydrogen economy at World Hydrogen Summit
The UAE's Ministry of Energy and Infrastructure has participated in the World Hydrogen Summit & Exhibition in Rotterdam, a leading international platform bringing together policymakers, experts and industry leaders to discuss the future of hydrogen and sustainable energy systems.
India, US discuss trade as Rubio cites progress on Iran conflict
US Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed trade, visas, maritime security and energy supplies, while Washington cited progress on efforts to resolve the Iran conflict.
ENOC signs deal with Allied Biofuels to explore sustainable aviation fuel supply
Dubai-based ENOC Group has signed an agreement with Abu Dhabi company Allied Biofuels Holding to explore the supply and distribution of sustainable aviation fuel, or SAF, from a new production facility being developed in Uzbekistan.
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Pinoy Expat Corner
What’s the difference between fishing here in the UAE compared to the Philippines?
Pinoy Expat Corner
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Pinoy Expat Corner
Who can join scuba diving? And what should you do if you encounter a shark while diving?
