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EU Fines Google £890 Million Over Antitrust Violations

Abu dhabi: The European Union on Thursday imposed fines totaling £890 million ($1 billion) on Google, in a decision that could intensify tensions with the United States.

According to Emirates News Agency, the EU penalized the US tech giant £460 mi…

EU Disburses Pound 1.5 Billion to Egypt Under Aid Programme

Abu dhabi: The European Commission has disbursed pound 1.5 billion to Egypt as part of a pound 4 billion macro-financial assistance (MFA) programme aimed at supporting the country’s economic stability and reform efforts. The payment, made on July 24, …

Arab Parliament Condemns Attack on Saudi Vessel in Red Sea

Abu dhabi: Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, has condemned the Houthi attack on a Saudi vessel in the Red Sea, stressing that the attack threatens international maritime navigation, vital waterways, and global energy suppli…

US Stocks Close Sharply Lower

New york: Major US stock indexes closed sharply lower on Thursday. At the close, the Dow Jones Industrial Average fell 507 points, or 0.97%, to 51,711. The Nasdaq Composite dropped 553 points, or 2.15%, to 25,137, while the S and P 500 declined nearly…

EasyLease Reports AED44.9 Million Net Profit in H1 2026

Abu dhabi: EasyLease PJSC, a subsidiary of IHC, on Friday announced its financial results for the six months ended 30th June 2026, reporting a 38.2 percent year-on-year increase in net profit to AED44.9 million and a 14.8 percent increase in revenue t…

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