News

Bloomberg To defend itself against the federal government, Meta Platforms Inc says it needs its rivals to divulge some of their most closely held secrets. Facebook’s parent company has so far subpoenaed 132 companies for documents, including Snap Inc., ByteDance Ltd’s TikTok and the audio startup Clubhouse, and has warned that it may seek information from 100 more. The subpoenas ...

  Bloomberg Oracle Corp’s quarterly sales jumped 18%, buoyed by the software maker’s transition to cloud computing and the acquisition of health records provider Cerner. Sales were $11.4 billion in the fiscal first quarter, meeting analysts’ average estimate, according to data compiled by Bloomberg. Profit, excluding some items, was $1.03 a share. Oracle said currency fluctuations reduced the earnings by ...

Bloomberg The leaders of the Senate Judiciary Committee sent a detailed list of questions to Twitter Inc, before the committee will hear testimony from whistle-blower Peiter Zatko, who has accused the company of failing to adequately protect data on its users. In a letter addressed to Twitter Chief Executive Officer Parag Agrawal, the senators wrote that Zatko’s allegations, if true, ...

  Abu Dhabi / WAM An International Atomic Energy Agency (IAEA) team of experts said the operator of the UAE’s Barakah Nuclear Power Plant (NPP), the first NPP in the Arab region, had strengthened operational safety by fully addressing the findings of an initial IAEA safety review mission five years ago. The Operational Safety Review Team (OSART) had concluded a ...

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fourth auction of the Treasury Bonds programme (T-Bonds), which is part of the AED 9 billion T-Bond issuance programme ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a written letter from Ranil Wickremesinghe, President of Sri Lanka, concerning the bilateral ties between the two countries. The letter was received by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, during his meeting in Abu Dhabi with ...

ABU DHABI / WAM Arnoldo André, Foreign Minister of Costa Rica, has highlighted the importance of the UAE for his country, highlighting the increase in bilateral trade by 292.3%, since the opening of the Costa Rican embassy in the UAE in 2017. In an article published by the newspaper ‘La Republica’, Andre said that Costa Rica enjoys 12 years of ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a partnership with Siemens Energy AG, one of the world’s leading energy technology companies, to advance CleanTech and ClimateTech in Abu Dhabi. Working together in collaboration, Hub71 and Siemens Energy will support tech startups in developing innovative technologies that directly address global climate change. The agreement comes ...

  Abu Dhabi / WAM The Industrial Development Bureau (IBD), part of the Abu Dhabi Department of Economic Development (ADDED), has confirmed the strong growth of the Emirate’s industrial sector in H1, 2022. New industrial licenses (Rowad) reached 136, and those transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching ...

  DUBAI / WAM Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69% year-over-year (y-o-y) increase and bringing total membership to over 314,000. Between January and August 2022, member exports and re-exports increased over 20% y-o-y to ...