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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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Social media has given birth to a new kind of celebrities; influencers. (Shutterstock)
November 25th, 2018 - 07:01 GMT

How Are E-Media Licences Reshaping the Influencer Marketing Sector in UAE?

Bin Salman 'lost' world's most expensive Da Vinci painting, experts fear. (AFP)
November 25th, 2018 - 06:54 GMT

Did Bin Salman Lose the Most Expensive Painting in the World?

All the much-needed austerity measures and economic visions set by GCC governments are now leading the recovery of their respective economies. (Shutterstock)
November 25th, 2018 - 06:49 GMT

GCC Markets Are Recovering, but Not Because of Oil This Time

The partnership was formalised by Dr Andy Palmer, Aston Martin Lagonda President and Group Chief Executive Officer and Al Tareq Al Ameri, Chief Executive Officer Yas Marina Circuit prior to qualifying for the Grand Prix on Saturday 24th November 2018.
November 25th, 2018 - 06:38 GMT

Aston Martin Announces Partnership With Yas Marina Circuit In Abu Dhabi

The exhibition allows visitors to explore how political events during the French mandate in Syria affected the country’s cultural heritage.
November 25th, 2018 - 06:27 GMT

Exhibition on Syria’s History Opens at Qatar National Library


Most new projects are being implemented by national ministries and agencies. (Shutterstock)
November 25th, 2018 - 06:20 GMT

Saudi Pumps More Than $40 Billion Into New Development Projects

During the event
November 25th, 2018 - 06:08 GMT

AlMabarrah AlKhalifia Foundation Signs a Memorandum of Understanding With the Vanguard Group

The Senate and House have both approved versions of a bill that would authorize the Justice Department to make a case against OPEC. (AFP)
November 25th, 2018 - 06:04 GMT

Trump's Administration Might Sue OPEC for Price Fixing

The Asian nation was among the countries that gained exemptions to keep importing Iranian oil, with a waiver for importing 360,000 barrels a day. (Shutterstock)
November 25th, 2018 - 05:58 GMT

Despite Sanctions, China Green-Lights Iranian Oil Imports

H.E. Hamad Buamim, Dubai Chamber of Commerce, President and CEO
November 25th, 2018 - 05:54 GMT

Dubai Chamber President and CEO Appointed Chairman of World Chambers Federation

Iran issues electronic Visas for foreign tourists in 110 domestic and international airports. (Shutterstock)
November 25th, 2018 - 05:54 GMT

Will Iran's Latest Tourism Stunt Help It Survive the Sanctions?

Shaima Al Suwaidi, Director of Marketing and Corporate Communication and Acting Director of Projects and Events at Dubai Culture
November 25th, 2018 - 05:49 GMT

Dubai Culture Is Cultural Partner of ‘ARTFIVE0’ Competition

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