UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...Business Economy
Google to invest US$1bn in UK data centre
It will meet growing demand for internet services in the region.Business
Saudi Arabia, Azerbaijan sign MoU to boost accounting services
The MoU aims to enhance cooperation between the two countries in the areas of financial auditing and performance control.For Saudi Arabia, the MoU was signed by Saudi General Bureau for Auditing president Hossam bin Abdul Mohsen Al-Angari
The other signatory was Vugar Gulmammadov, chairman of the Chamber of Accounts of Azerbaijan
Xbox makes Fortnite free to play on phones
The popular battle royale title from Epic Games will be the first free-to-play game available through an Xbox Cloud Gaming...Fortnite's return to iPhones and iPads comes after it was booted from Apple's App Store for trying to bypass its payment system
Apple has clashed in court with Epic, which has accused the iPhone-maker of operating a monopoly of its App Store shop
Petrobras profits rise despite hurdles
Brazilian President Jair Bolsonaro has criticized it for rising fuel prices.Petrobras on Thursday reported a first-quarter net profit of 44.6 billion reais ($8.6 billion)
The result was 38 times more than the Q1 2021 result of 1.2 billion reais ($180 million)
Digital banks set to flourish in Saudi Arabia, UAE
Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the...In November 2021, Saudi Central Bank (SAMA) Governor Fahd Al-Mubarak reportedly said that the Kingdom is going to license more digital banks.
UAE’s Emirates NBD, Mashreq and Commercial Bank of Dubai were among the first to offer digital-only services.
TINDER SWINDLER: When women fight back
Four years after being scammed by a conman, and three months after Netflix made the 'most-watched documentary' out of their...The docu-drama highlights the plight of three women who were scammed by a conman posing as a billionaire
More than 60 percent of victims of romance scams are women, according to the British police reporting center Action Fraud
Prince Alwaleed bin Talal now sees Musk as ‘excellent leader’ for Twitter
Saudi investor Prince Alwaleed bin Talal, who initially spurned Elon Musk’s bid for Twitter, agreed to roll his $1.89 billion...On April 14, Alwaleed opposed Musk’s buyout bid saying the price offered by him did not come close to the intrinsic value of Twitter given its growth prospects.
Alwaleed agreed to roll his $1.89 billion stake into the deal rather than cashing out.
TikTok to unveil ad revenue-sharing program for creators
TikTok on Wednesday announced an ad revenue-sharing program with the social media platform's most prominent creators, moving closer to a...The short-video format app has become wildly popular in recent years with more than a billion active users globally
Under the new TikTok Pulse program, companies can place their ads next to user content in specific categories, including health, fashion, cooking, gaming and others
Lufthansa cuts Q1 losses
German carrier set its sights on a record summer for traffic.The airline group's net loss over the first three months of 2022 came to 584 million euros ($620 million)
The number of passengers on Lufthansa flights "more than quadrupled" in the first quarter to 13 million
Sell seized Russian assets to rebuild Ukraine: EU chief
The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU...The EU said early last month it had frozen 30 billion euros ($32 billion) in assets linked to blacklisted Russian and Belarusian individuals
Last week, US President Joe Biden proposed oligarchs' seized assets be "sold off" to "remedy the harm Russia caused and to help build Ukraine"
AD Ports to develop Egypt projects
AD Ports to develop, operate, and manage a terminal in Safaga seaport.Abu Dhabi Ports Group and Egypt's Red Sea Ports Authority sign a term sheet and a head of terms agreement for the development of these projects.
AD Ports Group will also develop plans for cruise ships lines linking Abu Dhabi, Hurghada, Sharm El Sheikh and Aqaba.
