TikTok

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • White House endorses bipartisan bill empowering US to ban TikTok

    The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.
  • European Parliament bars TikTok on official devices for staff

    Brussels, Belgium - The European Parliament has told staff to purge TikTok from devices used for work because of data protection concerns, after similar moves by the EU's main governing bodies last week. The parliament's president, Roberta Metsola, and the secretary-general, Alessandro Chiocchetti, decided TikTok must not be used or installed...
  • Canadian privacy regulators launch TikTok probe

    The Chinese-owned platform is under growing Western scrutiny, and Canada's move came just hours after the European Commission banned the app from all employees' work devices to "protect" the institution. The investigation was initiated "in the wake of now-settled class-action lawsuits in the United States and Canada, as well as...
  • European Commission bars TikTok use by staff over data protection

    The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have official apps installed, the spokesperson said, confirming a report by news website Euractiv.
  • TikTokers jailed as Iraq targets ‘decadent content’

    Hossam received an even harsher sentence of two years in prison. Some of her videos showed her dressed in a tight military uniform. In total, a dozen people have so far been arrested for "decadent content", said an interior ministry official who spoke to AFP on condition of anonymity.
  • TikTok CEO to testify before US lawmakers in March

    TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should be outright banned for its links to Beijing. Shou Zi Chew will give testimony before the House Energy and Commerce Committee after Republicans recently took over as the majority in...
  • EU warns TikTok chief to respect data privacy laws

    TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and Vera Jourova, the bloc's home affairs commissioner Ylva Johansson and justice commissioner Didier Reynders.
  • More political storms for TikTok after US government ban

    Owned by Chinese tech giant ByteDance, TikTok has become a political punching bag for US conservatives who allege that the app downloaded by millions of US young people can be circumvented for spying or propaganda by the Chinese Communist Party (CCP). TikTok is the equivalent of "digital fentanyl," said Republican...
  • China’s ByteDance admits using TikTok data to track journalists

    Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same location as ByteDance colleagues suspected of disclosing confidential information, a company review of the scheme led by its compliance team and an external law firm found, according to Andersen.
  • US state brings two lawsuits against TikTok over child safety, security fears

    The legal salvo came as problems are mounting for TikTok in the United States, with multiple accusations that the extremely popular app is a national security threat and a conduit for spying by China.
  • Literature finds unlikely social media partner in TikTok

    The #BookTok trend has exploded in recent times, with a growing number of readers posting reviews and engaging with writers.
  • Meta to freeze hiring to tighten budget: report

    Big tech platforms have been suffering from the economic climate, which is forcing advertisers to cut back on marketing budgets, and Apple's data privacy changes, which have reduced leeway for ad personalization. Snap and e-commerce colossus Amazon are among tech firms that have announced workforce cuts this year.
  • Netflix and Disney+ to launch ad-supported subscription

    Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix, after having long-shunned the notion of advertising on its platform, this year accelerated work on just such an offering.
  • TikTok search results rife with misinformation: report

    Toxicity and false claims are a "significant threat" at TikTok, which is becoming a go-to online venue for young people to search for information, according to a study by NewsGuard, a media watchdog. NewsGuard describes itself as a "journalism and technology tool" that rates the credibility of websites and online...
  • TikTok stars boycott Amazon in activism push

    It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance crazes and catchy songs. An advocacy group calling itself Gen-Z for Change said it coordinated the pledge from more than 70 popular TikTok talents to stand in solidarity...
  • TikTok rolls out plan to fight US election misinformation threat

    TikTok will use automated systems and human fact-checkers to assess the accuracy of content, prompting users to "reconsider" sharing posts with unsubstantiated information, Han said.
  • Facebook’s Meta posts first-ever revenue drop

    Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok. Meta had long delivered seemingly endless upward growth but after this income miss and reporting earlier this year its first decline...
  • TikTok says Oracle to keep US user data safe

    TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability...
  • TikTok lets creators charge monthly subscriptions

    TikTok on Monday said it will start letting some popular accounts at the video-snippet streaming star charge subscriptions for live streams. Similar money-making tools have been added to rivals such as Instagram and Facebook as the social media platforms compete for online personalities that attract audiences.
  • Facebook loses shine, decade after its stock debut

    The likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook social network is increasingly seen as a place for older people.
  • 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 model already used by its competitors.
  • Strong Meta profit calms investors

    Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage less on Facebook.
  • Apple pauses Russia sales

    Apple Pay and other services are also limited in Russia.
  • Tech giants clamp down on Russia state-linked news

    Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik.
  • TikTok videos get longer

    The app is now letting users upload videos as long as 10 minutes.
  • ‘Pick a side’: Ukraine invasion dilemma for US Big Tech

    US Senator Mark Warner wrote to Meta, Reddit, Telegram, TikTok, Twitter and other tech giants to stop Russian disinformation spreading online through their platform.
  • TikTok eyes a bigger slice of Arab social media

    TikTok is among top ten most downloaded apps in the region, particularly in Saudi Arabia, UAE, and Qatar, says Hany Kamel, Director of Content Operation for TikTok MENA.
  • What’s next for TikTok’s music industry revolution?

    TikToks latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.
  • Facebook looks for answers as user numbers fall

    Founder Mark Zuckerburg has told investors that people have a lot of choices for how they want to spend their time and Apps like TikTok were growing very quickly.
  • Finfluencers turn to TikTok to peddle investment advice

    Across the globe, investment gurus in their 20s are building huge followings on social media.
  • TikTok, YouTube and Snapchat defend impact on kids

    In their first testimony to US senators, they argued they are built to protect against the mental health and safety risks present on social media.
  • LinkedIn to drop Stories format

    Stories is expected to be removed from LinkedIn by September.
  • TikTok is most downloaded app

    The Chinese-owned video app has surged in popularity
  • TikTok users can now post videos up to 3 minutes

    Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide; 100 million in the US TikTok will be letting users post videos up to three minutes in length, tripling the prior cap to stay ahead of competitors. TikTok is believed...
  • Dubai Chamber TikTok Academy open for enrollment till Jun 19

    Academy likely to help 1,000 startups and SMEs grow their businesses using TikTok  Participants will have access to a business campus workshop designed to support entrepreneurs Dubai Chamber TikTok Academy will be launching a five-week educational program, in which businesses can learn about content creation, digital marketing besides best practices...