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BUSINESS

BUSINESS latest

Mark Zuckerberg in U.S. Capitol Hill
July 8th, 2026 - 12:01 GMT
P. Choiaqo

P. Choiaqo

Meta sued for $1.4 trillion for addicting young users

ALBAWABA - Four states in the U.S. are suing Meta for $1.4 trillion - 93 percent of the company’s value - for allegedly purposefully designing its Facebook and Instagram platforms to addict young users. The enormous figure was revealed by Meta during court filings as the trial is set to begin in August in California, which is one of the four states suing Meta, alongside Colorado, Kentucky and New Jersey ...
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To protect customers, Bitex UAE utilises a multi-signature HD wallet to store digital currencies. (Shutterstock)
November 26th, 2018 - 05:39 GMT

You Can Now Trade in Bitcoin Currencies in the UAE

According to SPA, the NCA reached an agreement with the ministry to increase the number of seats for foreign scholarships for the first year from 200 to 540 for both genders. (Shutterstock)
November 26th, 2018 - 05:34 GMT

Saudi Initiates First Cyber Security Training Scheme

“We are watching the space very closely. We are really excited about how vertical format is taking off. This is our core business, regardless what the device is,” says Rami Saad, head of international content partnerships at Snap. (Shutterstock)
November 26th, 2018 - 05:24 GMT

More Arab Content on Snapchat in the Works

Vicious cycle. An Iraqi child holds banknotes in the northern Iraqi city of Mosul, last July. (AFP)
November 26th, 2018 - 05:12 GMT

Iraq's Budget Clock Is Ticking, and It's Not Looking Good so Far

Under pressure. European Union Foreign Policy Chief Federica Mogherini speaks to the media in Brussels, on October 18. (Shutterstock)
November 26th, 2018 - 05:09 GMT

The EU Is Losing Patience With Iran

New phase. ADNOC Group CEO Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), on November 12. (AFP)
November 26th, 2018 - 05:05 GMT

Abu Dhabi Aims to Dominate the Gas Sector With New Fields

National Bank of Oman
November 25th, 2018 - 12:55 GMT

National Bank of Oman Celebrates 48 Years of Prosperity With Lucky Al Kanz Winners

AUC Holds Memorial in Honor of Galal Amin’s Life and Legacy
November 25th, 2018 - 12:44 GMT

AUC Holds Memorial in Honor of Galal Amin’s Life and Legacy

Amna Al Qubaisi, the first Emirati female racing driver, is to test for Envision Virgin Racing during the upcoming Formula E test session.
November 25th, 2018 - 12:34 GMT

Kaspersky Lab: Emirati Racer Amna Al Qubaisi to Test for Envision Virgin Racing

The first phase of the project will aim to create an analytical system for the Ministry’s digital operations by establishing a Data Warehouse.
November 25th, 2018 - 12:28 GMT

Ooredoo Signs Agreement With Ministry of Endowment & Religious Affairs for AI & IoT Technologies

Al Barsha Mall Opening
November 25th, 2018 - 12:24 GMT

Al Hilal Bank Opens Latest Branch at Al Barsha Mall, Dubai

OSN Appoints Patrick Tillieux as CEO
November 25th, 2018 - 12:16 GMT

OSN Appoints Patrick Tillieux as CEO

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