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Biden to travel to Saudi Arabia, Israel next month

US President Joe Biden will travel to Saudi Arabia and Israel next month and the White House is planning to announce the trip this week, a source familiar with the planning said on Sunday. Biden’s trip, which is expected to take place around mid-July, could include a meeting with Saudi Crown Prince Mohammed bin Salman, […]

Smize Cream: ADIO initiative is helping US companies led by women and minority entrepreneurs expand in emirate

Supermodel Tyra Banks to launch ice cream brand in Abu Dhabi

Californian supermodel Tyra Banks has picked Abu Dhabi as the first international market outside the US to launch her global ice cream brand, Smize Cream, as part of a partnership with the Abu Dhabi Investment Office (ADIO). The 48-year-old entrepreneur made the announcement at the Access Granted talk series on Thursday, adding that she was […]

Face, Person, Human

Biden in talks to meet Saudi Crown Prince for first time

US President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman could meet for the first time as soon as next month, CNN reported on Thursday, citing multiple sources. Biden administration officials are in talks with the Saudis about arranging a potential in-person meeting while Biden is overseas next month, the report added. The […]

US private equity group buys UK power plant giant for £1.75bn

ContourGlobal, the UK power plant owner, has agreed to be taken over by KKR, the New York-based private equity giant, for £1.75 billion after an underwhelming four-and-a-half-year stint on the public markets. The FTSE 250 company said its board intended to recommend the “fair and reasonable” all-cash acquisition at 263.6p a share, a 36 percent […]

Person, Human, Face

Timeline: Elon Musk hits pause on Twitter deal

Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin. And on Saturday, Musk tweeted that the Twitter legal team told him he violated a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users […]

Biden sends all-star team to UAE to repair frayed ties

President Joe Biden is sending an all-star US delegation to the United Arab Emirates on Monday to offer condolences after the death of its ruler, in an apparent bid to step up efforts to repair frayed ties with Gulf Arab allies. Washington’s desire to improve ties with Gulf monarchies has gained renewed urgency following Russia’s […]