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 …

  DUBAI / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre, chaired on Monday the official meeting of the Higher Board of Directors of Dubai International Financial Centre (DIFC), the financial hub for the Middle East, Africa and South Asia. The meeting was held in the presence …