The US Congress has passed a nearly USD 1.7 trillion (AED 6.24 trillion) spending bill - most likely averting a partial government shutdown.
The House of Representatives passed the bill on Friday afternoon by 225 votes to 201.
The bill will now go to President Joe Biden, who needs to sign it before midnight.
The package will fund the US government all through the next fiscal year, to 30 September.
It had passed the Senate on Thursday by 68 to 29 in a cross-party vote.
The 4,155-page budget contains measures to bolster US defence and funds for US domestic priorities.
The bumper package contains USD 772 billion (AED 2.8 trillion) for domestic programmes, USD 858 billion (AED 3.2 trillion) for defence, and about USD 38 billion (AED 1.4 trillion) for regions recovering from natural disasters.
It is expected to be the last major bill of the current Congress before Republicans take control of the House in January after November's midterm elections.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.