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Facebook to unveil more on political ads

Bloomberg Facebook Inc. said it will start disclosing more about political ads, bringing the social network’s rules closer to what’s required of traditional mediums like television. Facebook is making the move just days before general counsel Colin Stretch is among the technology company executives set to appear in front of congressional committees looking into Russian ad spending on social media ...

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Facebook, Twitter, Google to attend third congressional hearing on November 1

Bloomberg Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google have agreed to send representatives to a third congressional hearing next week following revelations that Russians exploited their networks during last year’s elections. Those scheduled to testify before a Senate Judiciary subcommittee on October 31 will be: Colin Stretch, general counsel of Facebook; Sean Edgett, acting general counsel of Twitter; and ...

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Pre-orders are Apple’s best pal amid iPhone shortages

Bloomberg The most important date for Apple Inc.’s iPhone X is arguably a week before the flagship smartphone actually reaches stores. Now consumers can pre-order the $999 device, and that will be shipped by November 3. It’s a smart tactical move for Apple because it helps lock people in— even though the company doesn’t collect payment until the phone actually ...

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Dubai launches $735mn e-commerce free zone

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), witnessed the launch of ‘Dubai CommerCity,’ an AED2.7-billion ($735mn), 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is strategically intended ...

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UAE calls for women’s participation in peace efforts

NEW YORK / WAM The UAE has called for the international community to promote the participation of women in peace and security efforts to prevent conflict and promote sustainable peace at the UN Security Council’s open debate on Women, Peace and Security (WPS). The UAE reaffirmed its commitment to advocate for the full participation of women in all aspects of ...

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UAE-India forum to focus on meeting $100bn bilateral trade target by 2020

Dubai / Emirates Business The third edition of the annual UAE-India Economic Forum (UIEF) will be staged in Dubai on November 8 and 9, aimed to explore bilateral economic and commercial relations between the two countries to the next level. The UIEF is supported by the UAE Ministry of Economy and endorsed by UAE International Investors Council, UAE – India ...

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ADWEA’s arm launches projects worth AED359mn

ABU DHABI / WAM Abu Dhabi Transmission and Despatch (TRANSCO), a subsidiary of the Abu Dhabi Water and Electricity Authority (ADWEA), launched a package of new expansion projects in the emirate of Abu Dhabi and the northern region, at a total cost of AED359 million. Abdullah Ali Musleh Al Ahbabi, Chairman of the ADWEA Board of Directors, said the projects ...

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Saudi ready to extend oil output cut deal

KHOBAR / Reuters Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. “The Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand,” the crown prince said in a statement. “The high demand for oil has absorbed the ...

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UAE among top investors in Africa

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s efforts in backing small and medium enterprises in Africa have led to further Gulf Cooperation Council (GCC) investment in the continent, concluded the Economist Intelligence Unit (EIU) report, “New Horizons: Next generation Africa-GCC business ties in a digital economy”. Sponsored by the Dubai Chamber and launched in preparation for ...

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‘Aviation sector plays key role in UAE’s development’

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited Emirates Airline’s lab at the Dubai Future Accelerators facility in Emirates Towers on Saturday. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council; HH Sheikh Maktoum bin ...

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