Brussels / AFP The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, a draft proposal seen by AFP said. The European Commission, the executive body of the 28-nation European Union, on Wednesday will announce a series of …

  Bloomberg Brexit may have wounded London’s reputation as a leading hub for financial-technology companies, but now an unlikely hero is helping to protect its edge: the UK regulator. Take SETL, a startup that seeks to harness blockchain technology. The London-based firm says it became the first to use the digital ledger, which is the same architecture bitcoin uses, to …

  Dubai /WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai, on Tuesday launched the UAE University (UAEU) Science and Innovation Park on the university campus in Al Ain. He unveiled the plaque of the UAEU Science and Innovation Park, a-first-of-its-kind research hub and student innovation incubator in …