Ghassan Aboud’s Crystalbrook collection acquires Sydney harbour hotel for AUD100m

The newly acquired hotel occupies a 1,825sqm site, with 176 rooms spread across two buildings

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

Oil holds advance after OPEC+ delivers modest cut in production

West Texas Intermediate traded near $89 a barrel in early Asian trade, 2.4 per cent higher than Friday’s close

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

World’s first Covid vaccine you inhale is approved in China

World’s first Covid vaccine you inhale is approved in China

China’s National Medical Products Administration approved CanSino’s Ad5-nCoV for emergency use as a booster vaccine

India's SpiceJet in talks to raise $200m to ease financial woes

India’s SpiceJet in talks to raise $200m to ease financial woes

The carrier will also spin off its cargo business into a separate company, SpiceXpress, in the quarter ending September 30

Mikhail Gorbachev

Former Soviet leader, Mikhail Gorbachev, passes away

Gorbachev won the Nobel Peace Prize in 1990

Honda battery plant

Honda, LG will build $4.4bn EV battery plant

The duo will set up a joint venture for the plant with construction starting early 2023

Whatsapp

WhatsApp rolls out in-app shopping product with India’s JioMart

The new feature lets users in India shop for products from JioMart, and pay for them directly within the app

Gold

Gold edges higher as greenback wavers amid hawkish rates stance

Bullion ended Monday little changed after tumbling to the lowest level in a month

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

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

Apple India

Apple plans to manufacture iPhone 14 in India

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

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

Explainer: How companies in Middle East approach diversity, equality and inclusion?

Current efforts are not limited to just hiring, but also include investing in developing female talent to build up diverse pipelines, opines Maliha Jilani, member of the global social impact practice and partner at Heidrick & Struggles (Dubai)

Oil extends losses as traders weigh Iran supply, demand outlook

Oil extends losses as traders weigh Iran supply, demand outlook

Oil is still up around 20 per cent this year and the surge in energy prices over the first half have underpinned record earnings for producers

Gold steady in Asia with traders digesting cooling US Inflation

Gold steady in Asia with traders digesting cooling US Inflation

Bullion initially jumped on August 10 after the US consumer price index decelerated by more than expected in July

Oil edges lower as market tightness eases, pipeline restarts

Oil edges lower as market tightness eases, pipeline restarts

West Texas Intermediate declined toward $91 a barrel in early Asian trading

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple’s chart-topping run gets a boost from retail investors

Since bottoming in mid-June, the iPhone maker’s shares have surged 27 per cent, outpacing the S&P 500 Index and the Nasdaq 100 Index

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

West Texas Intermediate held above $90 after edging higher on August 9

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk sells $6.9bn of Tesla shares, first since April

Musk has now sold around $32bn worth of stock in the electric-car maker in the past 10 months

Gold holds drop after US jobs data support rate-hike outlook

Bullion dropped 0.9 per cent as US non-farm payrolls jumped by more than double what economists had forecast

SoftBank reports record $23.4bn loss as holdings tumble

SoftBank reports record $23.4bn loss as holdings tumble

The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter

Meta

Meta makes bond-market debut with four-part offering

Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes