Regulators in the US and UK have fined Deutsche Bank $630 million in relation to alleged Russian money laundering. Investigators say the scheme illegally moved $10 billion out of Russia, using so-called mirror trades among the bank's Moscow, London and New York offices. Authorities said the German banking giant missed numerous opportunities to spot the operation, which took place between 2011 and 2015, and stop the scheme altogether.
William Denselow reports from Moscow
UAE to develop a defence industrial free zone in Abu Dhabi
Al Selmiyyah, a suburb in Abu Dhabi, will turn into a zone that will be dedicated to advancing defence manufacturing in the UAE.
Apple settles lawsuit over late Siri AI features for $250 million
Apple has settled for $250 million on Tuesday in a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant.
UAE plans to establish global defence manufacturing hub
The UAE is planning to establish a global defence manufacturing hub in partnership with South Korea’s LIG Defense and Aerospace.
UAE signs contract to purchase C-390 Millennium aircraft for air force
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has witnessed the signing of a contract to purchase C-390 Millennium aircraft for the UAE air force.
'Make it in the Emirates' sees strong local, international turnout
His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, attended the opening of the fifth edition of 'Make it in the Emirates' on Monday.
The UAE has strongly condemned a recent statement issued by Iran’s Foreign Ministry, and rejected allegations and threats targeting the country’s sovereignty, national security and independent decision-making.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with the President of Ghana, John Dramani Mahama, who is on a working visit to the UAE.
In a statement marking the 50th anniversary of the unification of the UAE Armed Forces, President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the nation’s strength lies in its military, the unity of its society and the resilience of its development model.
