A former Merck & Co. analyst was sentenced to three years and a month in prison for passing merger tips to an ex-business school classmate who worked at Bank of New York Mellon Corp., prosecutors said. Zachary Zwerko pleaded guilty in February to giving inside information to the former BNY Mellon employee, who used it to earn $700,000 (AED2,571,065) in illicit profit. Zwerko said he was paid $57,000 (AED209,358) for the tip. (By Patricia Hurtado/Bloomberg)
Abu Dhabi aims for 80% local materials in housing projects
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UAE Central Bank support package reaches AED 6.2 billion
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Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
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ADNOC backs UAE's AED1 billion National Industrial Resilience Fund
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