Bloomberg Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of England. In an interview with the BBC, Rajan confirmed he hadn’t sought the position and cited the fact that central banking “has become much more political in recent times” as an ...

ABU DHABI / WAM Promoting our national heritage and preserving and documenting our history and traditions for future generations is of utmost importance to preserving our national identity, said HH Sheikha Maryam bint Mohamed bin Zayed Al Nahyan, during the inaugural Cultural Councils Initiative meeting. The Ministry of Culture and Knowledge Development hosted the Cultural Councils Initiative, a sector-focussed platform ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) and Careem announced the launch of their taxi e-hailing service in Dubai under a joint venture (JV) titled, ‘Hala’, which will officially offer its services to customers from September. The ‘Hala’ logo is designed to reflect the transformation of the taxi e-hailing experience provided through the partnership, which will be simpler, ...