Christine Lagarde has announced that she will no longer be the managing director of the International Monetary Fund (IMF).
She'll soon find out if her nomination to become head of the European Central Bank (ECB) is successful or not.
Lagarde said she will officially leave the IMF on September 12.
He's been the head of the organization since 2011.
AD first in MENA to implement 'Enhanced Transparency Framework'
The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).
COP29 unlocks international carbon markets
The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.
Adani CFO says US charges linked to only one business contract
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
UAE launches KYC platform for enhanced financial data
The UAE government has launched the Know Your Customer (KYC) digital platform, aimed at providing accurate, confidential data for financial transactions.
Volkswagen union signals strikes in December but talks continue
Volkswagen's union said it was gearing up for strikes across German factories from December 1 after talks over wages and unprecedented factory closures at Europe's largest carmaker failed to achieve a breakthrough on Thursday.
