Bloomberg Facebook parent company Meta Platforms Inc. is slowing or pausing hiring for some mid- to senior-level positions, part of a broader plan to cut costs and cope with the challenges facing the social media giant. “We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, ...

  Bloomberg Mexico’s government has struck a deal with leading companies to temporarily cap prices on 24 food and other basic products in an effort to temper inflation that has surged to two-decade highs. The plan, which was first reported by Bloomberg News, will initially last six months and includes the reduction of tariffs of some food products to zero ...

  Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee has approved a return to 100 percent operating capacity in all commercial activities, tourist attractions, and events in the emirate. It has also approved an extension of the green pass validity period from 14 to 30 days for those who are fully vaccinated. Continued wearing of masks ...

  DUBAI / WAM The Dubai real estate and properties transactions valued at AED6.6 billion in total during the week ending April 29. The sum of transactions was 2,259. 197 plots were sold for AED1.15 billion, 1,628 apartments and villas were sold for AED3.52 billion. The top three transactions were a land in Business Bay sold for AED72.24 million, followed ...

Abu Dhabi / WAM Abu Dhabi Ports Group (AD Ports Group), a leading facilitator of trade and logistics, has appointed a consortium of Jordan’s Dar Al Omran and Maisam Group to develop the masterplan for the Marsa Zayed mega-project in Aqaba, in the Hashemite Kingdom of Jordan. The appointment follows AD Ports group’s signing of multiple agreements with Aqaba Development ...

  DUBAI / WAM Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, posting a 17% increase in its net profit to AED27.5 million, compared to AED23.4 million during the corresponding period of 2021. The company’s total consolidated revenue has increased by 7% to AED78.6 million in Q1 of 2022 ...

  DUBAI / WAM Nasdaq Dubai, the region’s international financial exchange, on Friday welcomed the listing of a $1.6 billion sukuk by the Islamic Development Bank (IsDB). The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution issuing sukuk on Nasdaq Dubai with a total value of $18.04 billion currently listed through 13 ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) has launched the digital public consultation initiative on its website and the UAE Government portal, ahead of the official release of Corporate Tax relevant legislation. The initiative aims at consulting with the business community and relevant stakeholders to acquire their views and comments on Corporate Tax, to refine and implement ...

Abu Dhabi / WAM The UAE has strongly condemned the terrorist bombing that targeted a Chinese institute at the University of Karachi campus in Pakistan and took the lives of several staff and students and left many injured. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE strongly condemns these criminal acts and firmly ...

  Dubai / WAM Noor Dubai Foundation, one of the Mohammed bin Rashid Al Maktoum Global Initiatives, succeeded in benefitting 33 million people around the world, through its treatment, preventive and awareness programmes specialised in prevention of blindness. This was reported during the Mohammed bin Rashid Al Maktoum Global Initiatives Foundation annual meeting, in which an inspiring patient story was ...