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Bloomberg An Iranian who chairs a Maltese bank has been arrested on US charges that he participated in a scheme to evade US sanctions and funnel more than $115 million paid under a Venezuelan construction contract through the US financial system, federal prosecutors said. Ali Sadr Hashemi Nejad, 38, was charged in a six-count indictment filed in federal court in ...

JERUSALEM / Reuters Israel for the first time admitted that it bombed a suspected Syrian nuclear reactor in 2007 and said on Wednesday the strike should be a warning to Iran that it would not be allowed to develop nuclear weapons. The Israeli military released previously classified cockpit footage, photographs and intelligence documents about its September 6, 2007, air strike ...

Bloomberg Negotiations between the leaders of Italy’s two populist parties, ostensibly focussed on appointing speakers for the new parliament, are prompting conversations about a broader agreement to form the next government, according to party officials. While Five Star’s Luigi Di Maio and the League’s Matteo Salvini work out how to allocate the key posts in the lower house and the ...

Dubai / WAM Abu Dhabi Ports and the Russian Trade and Economic Development Council (RTEDC), signed a Memorandum of Understanding (MoU) to strengthen trade links between the UAE and Russia and further stimulate economic cooperation between companies from both countries. The MoU will increase awareness amongst Russian companies about investing in Khalifa Industrial Zone Abu Dhabi (KIZAD), and Khalifa Port ...

Dubai / Emirates Business Emirates received three Regional Passenger Choice Awards for Best Entertainment in the Middle East, Best Inflight Wi-Fi in the Middle East, and the Best Overall Experience in the Middle East at the 2018 APEX Passenger Choice Awards ceremony held during APEX Asia in Shanghai, China. These are the most recent accolades awarded to Emirates, in addition ...

Dubai / Emirates Business The Roads and Transport Authority (RTA), in Dubai has completed construction works on the two main bridges at the intersection of Marrakech-Airport Roads and will phase their opening in two stages. The first stage will see the existing traffic movement incoming form Sheikh Mohammed bin Zayed Road and Al Khawaneej heading to Deira permanently diverted to ...

Dubai / Emirates Business Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating ...

Abu Dhabi / WAM ADNOC Distribution has revealed the locations of its first three service stations in the Emirate of Dubai, which are due to open this year. Entering the Dubai market was a key part of the company’s strategy in the lead up to its successful Initial Public Offering (IPO), in December. Construction has started on three ADNOC Distribution ...

Dubai / Emirates Business This year’s Dubai International Boat Show ended on a high, with a rush of local, regional and international visitors attending the region’s leading marine event held at its temporary home at Dubai Canal. The 26th edition of the Dubai International Boat Show welcomed some of the industry’s biggest companies and brands. A wide range of boats, ...

Bloomberg Ready the cash-printing machines — the world’s most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume. From 2020, vessels must buy fuel with less sulfur, or alternatively be fitted with equipment to curb emissions of the pollutant. One thing is clear: ...