Amazon boss Jeff Bezos and wife MacKenzie have agreed a record-breaking divorce settlement worth at least $35 billion.
Bezos will retain voting control of his entire $143 billion stake in Amazon, with MacKenzie given 4 per cent stake in the online retail giant.
"Grateful to have finished the process of dissolving my marriage with Jeff," MacKenzie said on Twitter.
Prior to the settlement, she held a 16.3 per cent stake in Amazon.
UAE reinforces trade flow stability, supply chain resilience
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta unveils first AI model from costly superintelligence team
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
UAE, Bahrain central banks announce currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
Emirates NBD launches business support package for SMEs
Emirates NBD has unveiled a business support package that consists of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months.
The UAE says it is closely monitoring the announcement of a two-week ceasefire, and is seeking further details to ensure Iran fully commits to an immediate halt in hostilities and the unconditional reopening of the Strait of Hormuz.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has discussed the latest regional developments with counterparts from Saudi Arabia, Jordan and Bolivia.
The UAE air defences have successfully intercepted 17 ballistic missiles and 35 drones launched from Iran on Wednesday, the Ministry of Defence confirmed.
