The European Union (EU) has chosen Kristalina Georgieva as their pick to be the next head of the International Monetary Fund (IMF).
It came after more than a dozen hours of talks on Friday.
Experts say the sheer length of the meeting showed the level of internal division among the bloc.
Georgieva is the 65-year-old from Bulgaria who is currently the chief executive of the World Bank.
She got the backing of a majority of the 28 EU states to prevail over Jeroen Dijsselbloem from the Netherlands.
High-level Dubai meeting discusses continuity of supply chains
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, has chaired a high-level coordination meeting in Dubai bringing together global shipping companies and industry associations to address challenges facing regional supply chains.
ATM 2026 rescheduled to August
The 2026 edition of Arabian Travel Market (ATM), originally scheduled to take place from May 4-7 at Dubai World Trade Centre, will now take place from August 17-20, with the venue remaining unchanged.
UAE Central Bank approves resilience package to support banking sector
The UAE’s Central Bank (CBUAE) approved, on Tuesday, a wide-ranging financial resilience package aimed at strengthening the banking sector and supporting the wider economy amid global and regional uncertainty.
IEA members could release more oil stocks 'as and if needed,' agency chief says
Member countries of the International Energy Agency (IEA) could release more oil into the market later "as and if needed" after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.
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