A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
Dubai to host inaugural Global Government Cloud Forum
The Dubai Electronic Security Centre (DESC), in partnership with the World Bank Group, will host the Global Government Cloud Forum on January 21, 2025, at the Museum of the Future.
Honda, Nissan aim to merge by 2026 in historic pivot
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.
New hub for Emirati businesses launches at DXB
A new hub dedicated to empowering young Emirati entrepreneurs has opened its doors at Dubai International Airport (DXB), as the UAE aims to bolster its youths' international presence.
ADNOC drilling expands fleet with new jack-up rigs
ADNOC Drilling has enhanced its operational capabilities by receiving two new jack-up rigs, set to become operational in the first quarter of 2025.
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