Uber violated transport law in South Korea, court says, in the latest setback for the US firm

“Uber respects the court’s decision and we are looking forward to strengthening our partnership with the government and serving riders, drivers and cities in Korea,” the company said in a statement. Uber’s South Korean unit continues to offer...

‘Diversification is not a luxury’: Abu Dhabi eyes financial services to stem oil price pressure

Abu Dhabi has set its sights on developing a booming financial services sector in a continued push to diversify the United Arab Emirates’ economy as its comes under continued pressure from oil prices. The UAE and other OPEC and non-OPEC countries are trying to...