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Bloomberg Pinterest Inc.’s message to investors was don’t compare us to social media or a search engine. The outcome was that it raised about $1.4 billion in an above-range initial public offering. Pinterest operates in a crowded digital marketing space, where Google and Facebook Inc. get the lion’s share of ad dollars, and a smattering of smaller platforms like Twitter ...

DUBAI / WAM Arab-Italian economic and trade relations will get a boost, particularly in the halal industry, following the signing of an agreement between Etihad Credit Insurance (ECI), and the Joint Italian Arab Chamber of Commerce (JIACC). The move is also in line with ECI’s mandate to support UAE’s non-oil diversification strategy by offering UAE businesses a range of conventional ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), announced that the nearly AED58 million Al Aryam Bridge Interchange project on Sheikh Khalifa bin Zayed international highway has been completed in cooperation with the Department of Transport (DoT), in Abu Dhabi. Considered as one of the vital projects that aim to develop and improve the main road network in ...

Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), announced that it signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC), to exchange knowledge, experience, and best practices in Islamic economy, as well as boost bilateral relations between Dubai and Hong Kong. Abdulla Mohammed Al Awar, DIEDC CEO, and Raymond Yip, Deputy Executive Director of ...

Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer), on Wednesday opened the first battery solar system in the region at its Al Dhafra Landfill. A solar-plus-storage plant is an energy storage system charged by a connected solar power plant. The facility at Al Dhafra Landfill has minimal operation and maintenance costs compared to conventional plants, and utilises the ...

Bloomberg China is drafting a series of stimulus measures to bolster sales of cars and electronics, according to people familiar with the matter. The draft includes subsidies for new-energy vehicles, smartphones and home appliances, said the people, who asked not to be named because they aren’t authorised to discuss the plan. The proposals are at a consultation stage with other ...

Bloomberg Google and Apple Inc complied with an Indian court order to block downloads of the popular app TikTok over government concerns with illicit content, according to people familiar with the decision. The move could handicap the app’s owner, China’s Bytedance Ltd, the world’s most highly valued startup, in one of its most promising markets. An Indian state court had ...

Bloomberg Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. Apple will make a one-time payment to Qualcomm, and the two reached a multiyear agreement whereby Qualcomm will supply chips and license its technology to the iPhone maker in exchange ...

Bloomberg The debate over whether the World Trade Organization (WTO) has the authority to rule on disputes involving countries’ national security was put to rest, setting up a battle with the US, which has asserted the Geneva-based body doesn’t have the standing to make such decisions. Russia and Ukraine said they won’t appeal a landmark trade decision in which the ...

Bloomberg As fears grow that T-Mobile US Inc.’s Sprint Corp. merger will be quashed by regulators, Chief Executive Officer John Legere is leading a personal crusade to rescue the deal. The CEO, known for his straggly hair, magenta T-shirts and Twitter antics, has made frequent trips to Washington since the proposed combination was announced in April of 2018. And he’s ...