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Silicon Valley Bank UK

HSBC acquires Silicon Valley Bank UK for less than Dhs5

The assets and liabilities of the parent companies of SVB UK are excluded from the transaction

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Sturgeon

Scotland’s Sturgeon to resign as first minister

It’s unclear when she plans to leave office

Etihad

Etihad Cargo expands European capacity

The carrier will introduce two new routes from its Abu Dhabi hub to Copenhagen in Denmark and Düsseldorf in Germany

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Risk Sunak appointed UK’s Prime Minister; world leaders welcome new premier

Sunak takes the reins after Liz Truss resigned last week

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak becomes new Prime Minister of United Kingdom

Rishi Sunak becomes UK’s first British Asian Prime Minister

He replaces Liz Truss, who resigned last week after serving just 45 days in office

King Charles III

UAE President congratulates King Charles III on accession to UK throne

King Charles III was formally confirmed as the new British monarch on September 10

UAE mourning

UAE declares three-day mourning over demise of Queen Elizabeth II

Britain’s longest serving monarch passed away on September 8, at the age of 96

King Charles III: Taking on the new role as the face of a nation changes

Here’s a guide to the early days of King Charles III’s reign are expected to play out

UAE, world leaders offer tributes to Queen Elizabeth II

Britain’s longest reigning monarch passed away on September 8, at age 96

Queen Elizabeth II

In the Queen’s words…

These memorable quotes from Queen Elizabeth II throughout her seven decades on the throne will continue to remind us of her incredible legacy, wisdom and compassion

Britain’s longest reigning monarch, Queen Elizabeth II, passes away

In June this year, Queen Elizabeth became the first monarch in British history to celebrate a Platinum Jubilee

Turkish Airlines

Turkish Airlines to ramp up flights to UAE

The carrier plans to increase flight frequencies to Istanbul from Abu Dhabi, Dubai and Sharjah

Porsche

Porsche IPO moves ahead as parent VW looks to defy downturn

The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development

Liz Truss elected as UK’s new Prime Minister

In September of last year, Truss was appointed secretary of state for foreign, commonwealth and development affairs

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

The services will be operated with Finnair’s Airbus A330 aircraft

free trade agreement

UK-GCC free trade agreement: What’s on offer?

Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative

Monkeypox shot

Danish shot gets EU nod for monkeypox as WHO declares emergency

Bavarian Nordic’s smallpox vaccine Imvanex gets permission to be labelled for monkeypox and another disease caused by the vaccinia virus

Mario Draghi

Mario Draghi resigns as Italy’s Prime Minister

The government will continue as a caretaker to handle ongoing business

euro slips to dollar parity

European stocks dealt fresh blow as euro slips to dollar parity

The two currencies are worth the same for the first time in two decades

Boris Johnson resigns as UK Prime Minister

Johnson, who resigned as leader of the Conservative Party, said that he will serve as PM until a new leader is in place

Boris Johnson

Johnson to resign as UK PM, will stay as caretaker until October

Johnson will also make a statement to the country on Thursday

UK

UAE citizens will not require visas to visit UK from 2023

The directive has been extended to other GCC countries as well

hydrogen

UAE government team to visit Germany for talks on hydrogen

German and Emirati companies signed memorandums of understanding in March for shipments from the Gulf state of blue hydrogen in the form of ammonia

Combustion

Europe moves closer to cutting off its lifeblood combustion engine

Members of Parliament voted in favour of mandating that carmakers eliminate emissions from the cars they sell from 2035 onward

Queen Elizabeth II celebrates 70 years as British Monarch

Her Majesty has becomes the first monarch in British history to celebrate a Platinum Jubilee

ADNOC

Abu Dhabi’s ADNOC, Masdar deepen partnership with BP

ADNOC, BP and Masdar also agreed to explore the production of sustainable aviation fuels in the UAE