Our Correspondent EMIRATES BUSINESS Swiss luxury watchmaker and aviation chronograph specialist, Breitling has launched the Avenger II Seawolf Blacksteel in the Middle East. Water-resistant to the depth of 3,000m (10,000 ft.), the bold diving watch combines performance and exclusivity in a 1,000-piece limited series, with just 50 models available for the Middle East market. While most Breitling watches are …

  London / AFP Japanese mobile giant SoftBank on Monday snapped up iPhone chip designer ARM Holdings for £24.3 billion, the pair announced in a major boost for post-Brexit Britain. Conservative Prime Minister Theresa May declared that the record Asian investment proved “Britain is open for business”, just three weeks after Britons voted to leave the European Union. The all-cash …

  ABU DHABI / WAM Labourers paid less than AED2,000 per month will enjoy free accommodation offered by the employers says the Ministry of Human Resources and Emiratisation. However, the decree only applies to establishments hiring over 50 workers. According to a statement issued by Saqr Ghobash, Minister of Human Resources and Emiratisation, the decree will come into force this …