Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.Company News Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...Business Economy
IATA shifts Annual General Meeting from Covid-hit China to Qatar
The International Air Transport Association (IATA) on Friday said its annual general meeting in June would be held in Qatar instead...China is experiencing its worst coronavirus outbreak since the start of the pandemic more than two years ago, with Shanghai posting record-high case counts.
The IATA comprises some 280 airlines and air companies, accounting for 83 percent of global air travel.
ADNOC to pay $342m in dividend
A similar amount was paid for the first half of 2021 in October.The company said it increased its network in the UAE to 462 stations in 2021 and operationalized 40 stations in Saudi Arabia.
ADNOC Distribution recorded a net profit of AED2.2 billion and earnings before interest, tax, depreciation and amortization (EBITDA) of AED3.1 billion.
Dubai basks in sparkle of giant diamond
A giant diamond nicknamed "The Rock" went on display for the first time in Dubai on Friday ahead of an...The 228.31-carat pear-shaped gem, which was mined and polished in South Africa more than 20 years ago, is the largest white diamond ever to come to auction
After making its debut at Christie's Dubai, where it will be displayed from March 26-29, The Rock will travel to Taipei, New York and Geneva, where it will be auctioned on May 11
How European rulings imperil flagship Google product
Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where...More than half of the world's websites use Google Analytics to help their owners understand the behaviour of users
Regulators in several countries agree with activists and have ruled Google Analytics incompatible with European data privacy regulation
UAE-India CEPA to become operational in one month: Emirati officials
The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services
The three-day logistics conference concluded with a valedictory session at the India Pavilion at Expo 2020 Dubai addressed by top officials from both countries
EU negotiators agree landmark law to curb Big Tech
The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers.The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers
"The gatekeepers -- they now have to take responsibility," said the EU's competition supremo Margrethe Vestager
Banks break pledges with fossil fuel billions: Report
The analysis by London-based think tank InfluenceMap found the world's 30 biggest listed finance groups provided $740 billion to fossil...The analysis by London-based think tank InfluenceMap found the world's 30 biggest listed finance groups provided $740 billion to fossil fuel producers in 2020 and 2021
The biggest providers of fossil fuel financing were JP Morgan with $81 billion, Citigroup with $69 billion, and Bank of America with $55 billion
ADH invests $100m in DEWA
Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC.ADH made the investment through its subsidiary Alpha Dhabi Partners Holding LLC, as a cornerstone investor
As part of the transaction, Alpha Dhabi Partners Holding LLC will acquire shares through DEWA’s IPO
Al Abjan to raise production
The firm plans to produce 30m hatching eggs by 2023 from 11m in 2021.The firm said after raising its production, it will meet more than 28 percent of the UAE’s requirement of 105 million eggs annually.
Al Ajban anticipates 13 percent return on investment, in consideration of expansion plans that include a new chicken rearing farm.
DEWA prices shares AED2.25-2.48 in Dubai’s biggest IPO since 2017
The IPO size implies a market capitalization at listing of between $30.63 billion and $33.76 billion, which would make DEWA,...The IPO subscription started on Thursday and will run until April 2 for the UAE retail investors and until April 5 for the institutional investors.
DEWA is the majority owner of Empower, the world's largest district cooling services operator by connected capacity.
