BLOOMBERG The US Department of Justice  (DOJ) has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. What began as a series of subpoenas sent to a range of banks early this year has developed into a full-scale investigation ...

BLOOMBERG European shares rose for the first day in five as bonds recovered and a selloff sparked by rate fears abated. The Stoxx 600 ticked higher, led by technology and energy companies. US equity futures added about 0.5% and a measure of global equities fell below its 200-day moving average, suggesting stocks may be entering oversold territory after teetering on ...

BLOOMBERG An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets. The currency slid to as weak as 56.98 per dollar on Wednesday, within a whisker of the closely-watched 57 level. Earlier this week, Philippine central bank ...

DUBAI/ GULF TIME In a moment that defies imagination, O! Millionaire, the foremost provider of an environmentally conscious draw, has announced its latest victor – Muhammad Yousuf. Based in Saudi Arabia and hailing originally from Pakistan, Yousuf was in the UAE for a live press conference and live show where he was introduced to the audiences as the lucky winner ...

DUBAI/ GULF TIME Migrate World, a global leader in immigration, residency, and citizenship by investment services since 2007, announced a landmark collaboration with The Ministry of Commerce, Industry, and Investment Promotion in the Sultanate of Oman. Established in 2007, Migrate World has evolved into a premier facilitator for immigration, residency, and citizenship solutions, offering high-net-worth individuals the opportunity to invest ...

TOKYO / WAM Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, and Special Envoy of the UAE to Japan, has concluded an official visit to Japan. During the visit, he met Prime Minister Fumio Kishida, and other ministers, to discuss mutual cooperation in a range of areas, including the energy transition. Dr Al Jaber’s official ...

ABU DHABI / WAM Abdulla Mohamed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), has said that the Abu Dhabi Chamber is committed to being a major supporter of Abu Dhabi International Petroleum Exhibition and Conference (Adipec) since its launch in 1984. Adipec has stood as one of the world’s most prominent strategic events for ...

DUBAI / WAM Emirates Post Group (EPG) has shortlisted three groups for the next phase of ‘Logistics Unleashed’ competition, which is being held in collaboration with the UAE Ministry of Education and leading technology companies. The competition offered an exciting opportunity for young innovators to exhibit their talent and creativity in the field of robotics and logistics. EPG meticulously selected ...

DUBAI / WAM The Public Debt Management Office (PDMO) of the Government of Dubai’s Department of Finance announced a reduction of approximately AED29 billion in Dubai’s public debt by the end of this year. The achievement has been realised within a year and a half since the establishment of the office in 2022, marking a milestone in implementing its Public ...

DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, welcomed Li Zhong, Vice Minister of Human Resources and Social Security of the People’s Republic of China, and his accompanying delegation at the ministry’s headquarters in Dubai. The meeting explored opportunities for the two countries to cooperate and exchange experiences in areas related to labour, human resources ...