ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), issued a ministerial decision approving the status of Economic Concentration in the UAE market for the upcoming acquisition of Careem – one of the leading start-ups established in the UAE – by global company Uber. Under the Competition Law No. 04 of 2012 and the Executive Regulation ...

Bloomberg President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the US to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The US is already sanctioning significant sectors including oil, banks and steel, leaving smaller targets including certain exports and government officials. Trump could hit Iran’s ...

Bloomberg Russia accused the US of stoking mass anti-government protests in neighbouring Georgia that were triggered by public anger at Moscow’s influence in the ex-Soviet nation. The surge in tensions came after at least 240 people were hurt in clashes between police and demonstrators in the Georgian capital, Tbilisi. Protesters were angered by pictures of a Russian lawmaker, Sergei Gavrilov, ...