TCI joins hedge fund race to open UAE office

Executives and traders say the absence of personal income tax in the UAE has also strengthened its hand as hedge funds consider expansion plans beyond the traditional financial hubs of London and New …

Motor racing-O’Ward joins McLaren F1 team as reserve driver

IndyCar’s Pato O’Ward will join McLaren’s stable of reserve drivers next season, the Formula One team said on Thursday. O’Ward, who drives for the Arrow McLaren IndyCar team, is in Abu Dhabi and will participate in Friday’s first practice ahead of Sunday’s season-ending grand prix.