DUBAI / WAM The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the ...

A year ago, Rishi Sunak was the runaway favourite to be the next Tory leader, with Liz Truss polling only a third of his support. He started the contest in front in surveys of members and won the parliamentary stage of the race comfortably. Polls now put Truss miles ahead. And while the voting by Conservative Party members, less than ...

Slowing growth and a rise in corporate spending have spurred global technology companies to boost revenue from non-consumer offerings. Apple Inc, Microsoft Corp, Amazon.com Inc and Taiwan Semiconductor Manufacturing Co are among those who’ve built solid business models around the rise in cloud services. Alibaba Group Holding Ltd has failed to follow the trend, and looks unlikely to do so ...