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Bloomberg Facebook Inc delivered better-than-projected third-quarter sales and steady user growth, proving that its business can endure increasing regulatory scrutiny and criticism over its immense reach and influence. The social-media giant’s monthly global user base grew by 35 million — including 3 million new users in the lucrative North American market, which had looked like it reached a plateau in ...

Bloomberg Apple Inc executives put aside their typical praise of the iPhone’s sleek design and breakthrough technology for more mundane topics such as instalment plans, trade-in programs and giveaways. This is the reality for the Cupertino, California-based technology giant. The smartphone market is saturated and growing slowly at best, so Apple must find new ways to persuade consumers to upgrade ...

RIYADH / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, visited the Mohammed bin Salman Charitable Foundation “Misk Foundation”, in Riyadh, Saudi Arabia. During the visit, His Highness Sheikh Abdullah was accompanied by Bader Al-Assaker, Chairman of Misk Initiatives Centre, along with Sheikh Shakboot bin Nahyan Al Nahyan, UAE Ambassador to Saudi ...

RIYADH / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, participated, on Wednesday, in the third annual Future Investment Initiative (FII), held in Riyadh, Kingdom of Saudi Arabia, as global leaders from the public and private sectors convened to explore economic opportunities. Commenting alongside Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of ...

ABU DUBAI / Emirates Business The 2019 edition of the Abu Dhabi Petroleum Exhibition and Conference (Adipec) is set to confirm the event’s status as the world’s leading oil and gas exhibition and conference, with increased participation from major global oil companies. Over 30 national oil companies (NOCs) have confirmed their participation at Adipec, up from 27 last year, while ...

Abu Dhabi / WAM The Higher Organising Committee of the Zayed Charity Marathon announced that the marathon’s sixth edition will be held in Suez, Egypt, on December 27. The announcement was made at a press conference, held at the Armed Forces Officers Club in Abu Dhabi, and was attended by Minister of Youth and Sports of Egypt, Ashraf Sobhy, Lt. ...

Bloomberg The Trump administration wants to dictate how and where global auto companies make cars and parts to secure duty-free treatment under the new Nafta in its most direct intervention yet to manage trade and production, according to people familiar with the effort. The issue is being discussed between Trump administration officials, congressional staff, and domestic and foreign auto makers ...

Bloomberg Amazon.com Inc cast doubt over a Franco-German plan for a European cloud that would allow the continent’s businesses to keep their data from being stored in the US or China. After the European Union’s (EU) two leading nations unveiled plans for an EU-focussed cloud, a spokesperson for Amazon’s AWS cloud business said such a project will lack the scale ...

Bloomberg Microsoft Corp Chief Executive Officer Satya Nadella told employees his leadership team is fully behind the sale of software to the US Defense Department, after the company won a $10 billion Pentagon contract that some workers have opposed. Addressing staff at a regular internal town-hall meeting, Nadella said he respects differing opinions on the issue, according to a person ...

Bloomberg The US and its Western allies at the United Nations sharply criticised China’s treatment of its ethnic Uighurs, stepping up pressure over human rights just as Washington and Beijing seek to complete a “phase one” deal in their lingering trade dispute. “We call on the Chinese government to uphold its national laws and international obligations and commitments to respect ...