A man enters the main branch of UAE Central Bank in Abu Dhabi, UAE. — Reuters/FileABU DHABI: The Central Bank of the UAE has revoked the license of Omda Exchange and imposed a financial penalty of AED10 million due to violations of financial laws and…
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Nestle fires CEO Laurent Freixe over office affair
Nestle CEO Laurent Freixe addresses the Annual General Meeting of Nestle in Ecublens near Lausanne, Switzerland, April 16, 2025. — Reuters
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship…
IMF red alert: ME war-choked oil flows to spark runaway inflation, global growth crisis
The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018.— Reuters
War has reduced global oil supply by 13%, says IMF chief.ME conflict to dominate next week’s IMF, WB meetings.Barring war, IMF had expected…
Nepra clears three-month tariff hike to recover Rs8.67bn
IESCO staffers repair electricity wires on a pole to restore power in an affected area in Islamabad, on January 21, 2026. — APPIncrease will not impact lifeline customers.Hike applies to K-Electric users as well.Companies wanted to recover Rs10.83bn.
ISLAMABAD: The National…