DUBAI / WAM Dubai has retained its leading position in the Mena region on Kearney’s Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year. According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen incredible gains in their global city performance amid a …

BLOOMBERG JPMorgan Chase & Co Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago. Starting next year, Dimon and his family will dispose of 1 million of the lender’s shares for financial diversification and tax-planning purposes, according …

BLOOMBERG Industrial & Commercial Bank of China (ICBC), the world’s largest lender by assets, reported profit grew just 0.03% in the third quarter as it was directed to dole out cheap loans to help shore up the struggling economy. The other big banks posted mixed results. Agricultural Bank of China Ltd said profit rose 7.76% in the period, while Bank …