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UAE the hub of Panama's Middle East strategy, says ambassador

UAE the hub of Panama's Middle East strategy, says ambassador

The government of Panama has adopted a new foreign policy aimed at strengthening ties with the Middle East by placing the UAE as its central hub, according to Panamanian ambassador Eduardo Fonseca.

In an interview with Arabian Business, Fonseca said the ‘Falcon Policy’ announced by President Juan Carlos Varela is based on “the promotion of polit

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Nissan looks to be number one in Gulf, Egypt by 2022

Nissan looks to be number one in Gulf, Egypt by 2022

Japanese automaker Nissan Motor is planning on introducing new models in the Arab world and increasing capacity at its local factories as part of a bid to secure the largest market share in Egypt and Gulf nations.

The company plans to increase its market share to more than 20 percent by 2022 in the Gulf and in Egypt, from 16 percent and 15

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Abu Dhabi reveals new home for T10 cricket league

Abu Dhabi reveals new home for T10 cricket league

Zayed Cricket Stadium, Abu Dhabi, will be the new home of T10 cricket for the next five years, starting this October.

Abu Dhabi Cricket, in partnership with Abu Dhabi Sports Council and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has signed a five-year agreement with the organisers of the T10 Cricket League.

The shortest

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Indian billionaire Anil Ambani pays debt after court threatened jail

Indian billionaire Anil Ambani pays debt after court threatened jail

Indian tycoon Anil Ambani has settled a multi-million debt with Sweden's Ericsson, the company said Monday, after judges threatened the billionaire with jail if he did not pay his dues.

The Supreme Court in February found that Ambani, 59, had refused to pay telecom giant Ericsson 5.5 billion rupees ($77 million), as previously ordered by India's

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Milan's La Scala says to return funds from Saudi Arabia

Milan's La Scala says to return funds from Saudi Arabia

World-famous opera house will refund Saudi money after anger over deal to give Gulf kingdom a place on the board

MILAN ITALY APRIL 24 A general view of the Teatro Alla Scala. (Vittorio Zunino Celotto/Getty Images)

Milan's La Scala will refund money it received from Saudi Arabia after anger over a deal which assured it a place on the board, the

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