The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.
Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, sources said.
The tie-up is important for t
UAE national carrier Etihad Airways and Italian airline Alitalia are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter has said.
Abu Dhabi-based Etihad clin
Iran may have failed to meet a deadline for addressing UN concerns about suspected nuclear bomb research, but it could still act to influence a key report due next week, diplomatic sources said on Wednesday.
The sources, who follo
Russia will ban all imports of food from the US and all fruit and vegetables from Europe, the state news agency reported on Wednesday, a sweeping response to Western sanctions imposed over its support for rebels in Ukraine.
Airbus sold more than 200 aircraft in June during an unexpectedly busy month that saw some reshuffling of its order book, but took over 120 cancellations to end the first half behind US rival Boeing, company data showed.
Jean-Claude Juncker was named as the next president of the European Commission yesterday, dealing a bitter blow to David Cameron, who said it threatened to increase Britain's chances of leaving the EU.
The British prime minist
A top-level meeting between GCC foreign ministers and their EU counterparts next week could be postponed, allegedly due to a controversial UN statement on the human rights situation in Bahrain.
The meeting was
Preatoni, a leading European property developer, has announced its UAE foray with the acquisition of a 100 per cent stake in Dubai Star Tower, which is under construction at Jumeirah Lake Towers (JLT).
The company had recently lau