Facebook has almost tripled its profits in the third quarter of 2016. The social media goliath announced that it has enjoyed a 59% year-over-year increase in advertising revenue. Their net income for the three months ending on September 30 rose to AED 10.2 billion from AED 3.2 billion a year earlier.
Volkswagen flags 50,000 job cuts across group
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
UAE tightens anti-fraud rules, sets 24-hour deadline to withdraw fake goods
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple facing $2.7 billion UK lawsuit over 'unfair' app tracking rules
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Middle East Energy 2026 opens in Dubai
Middle East Energy 2026 has officially opened at Dubai World Trade Centre, marking the 50th edition of the major regional energy event.
Shein shares slide in Hong Kong debut on worries about trade, regulatory risks
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
