Recent Posts

UAE sees 125 new recoveries from Covid-19

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 352,721 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out necessary treatment. As ...

Read More »

Issa brothers face $1b Asda setback

Mohsin and Zuber Issa were looking like the cleverest men in retail. A little over a year ago, the billionaire brothers and buyout firm TDR Capital agreed to acquire a majority stake in Asda Group Ltd from Walmart Inc, in a deal valuing the British supermarket at 6.8 billion pounds ($9.4 billion). This summer they sold the grocer’s distribution centers ...

Read More »

Facebook calms investors despite volley of bad news

Amid all the scandals and controversy, Facebook Inc watchers were on pins and needles going into the company’s most hotly anticipated quarterly report in years. In the end, it fell a bit short. But with many expecting far worse, sometimes avoiding disaster is good enough. The social-media company posted third-quarter sales figures that slightly missed Wall Street’s expectations. Revenue in ...

Read More »
Send this to a friend