- Elon Musk, the CEO of Tesla lost $50 billion in two days as shares of Tesla fell for the third...
According to Bloomberg Billionaires Index, this is the biggest two-day fall in its history.
his drop in net worth of Elon Musk reduces the gap between him and Jeff Bezos, the second richest man of the world to $83 billion.
- The Emirates Development Bank (EDB) has signed an MoU with the National Bank of Fujairah (NBF) to offer credit guarantees...
NBF will offer up to AED10 million financing to an SME, and 50 percent of the facility amount will be either guaranteed or co-lent by EDB.
The program also aims to support UAE citizens in the startup journey by offering financing facilities of up to AED1 million.
- The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion)...
Emirates pegged this recovery of sorts on the easing of travel restrictions worldwide as the Covid-19 pandemic abated
It also pointed to the corresponding rise in demand for air transport as countries advanced their vaccination programs
- There appears to be plenty of scope for Indonesia to expand its cooperation with the UAE in the area of...
The chamber, in a statement on its website, said the UAE was among the top 20 import-partner countries of Indonesia
However, Indonesia is not even among the top 30 export and import markets for the UAE
- The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to...
The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions
The breaches involved the bank's London office handling payments through the US financial system without making clear they were going to a Sudanese entity
- Meta ads will not consider race, religion, sexuality, or political party.
From January 19, apps in the Meta family will no longer offer advertisers the option to target people based on certain ‘sensitive’ topics
While this may tighten privacy, it may also affect non-profit groups seeking fundraising or small companies looking for customers





















