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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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Global demand for gold rose slightly in the third quarter compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the WGC report said. (Shutterstock)
November 4th, 2018 - 03:43 GMT

Will VAT Refund Increase Gold Demand in UAE?

The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. (Shutterstock)
November 4th, 2018 - 03:29 GMT

UAE Secures 11th Spot on World Bank’s Doing Business Rankings

In a tit-for-tat move, Turkey also removed sanctions on U.S. Attorney General Jeff Sessions and Homeland Security Secretary Kirstjen Nielsen, the Foreign Ministry said. (Shutterstock)
November 4th, 2018 - 03:23 GMT

US Lifts Sanctions on Two Turkish Ministers

The first overseas Qatar Visa Centre (QVC) was opened in Colombo, Sri Lanka, on October 11 as part of Qatar’s efforts to facilitate and streamline procedures for bringing expatriates to work. (Shutterstock)
November 4th, 2018 - 03:19 GMT

Qatar Negates The Guardian Report on Lack of Labour Reforms

"The imposition of such measures is contrary to international obligations to respect and promote human rights. Such measures should be condemned and rejected by the international community." (Shutterstock)
November 4th, 2018 - 03:10 GMT

Qatar Sheds Light on Human Rights Violations by Siege Countries

The tint of the company’s “dynamic glass” product can be automatically altered — helping minimize glare and reduce energy consumption by up to 20 percent, it says (Courtesy View)
November 4th, 2018 - 03:01 GMT

Saudi-Backed Softbank Fund Pours $1.1 Billion in Smart Glass Firm View

Egypt has imposed harsh austerity measures to try to right the economy and reduce the budget deficit. (Shutterstock)
November 4th, 2018 - 02:55 GMT

Egypt Strikes Right Chord With IMF on Next $2 Billion Loan Payment

Bloomberg reported on Friday that South Korea and Japan had received waivers along with India, which relies heavily on Iranian supplies. (Shutterstock)
November 4th, 2018 - 02:49 GMT

South Korea, Japan, Amongst 8 Countries That US Granted Iran Sanctions Waivers

The recent decision of the International Court of Justice and its provisional measure against U.S. unilateral sanctions reaffirms the legitimacy of Iran’s position, and the illegality of these oppressive sanctions. (AFP)
November 4th, 2018 - 02:43 GMT

Rouhani Urges Europe to Collaborate With Iran to Counter U.S. One-Sided Actions

Shortly after the announcement, Trump tweeted what looks like a movie poster image of himself walking that takes creative inspiration from the TV series “Game of Thrones” to announce the reimposition of sanctions. (Shutterstock)
November 4th, 2018 - 02:35 GMT

Trump Restores Pre-Obama Iran Sanctions

du Net profit after royalty was up 9.2% to AED 1.41 billion.
November 1st, 2018 - 01:04 GMT

du Announces 9.2 Percent Growth for 9 Million 2018 Net Profit After Royalty to Dh1.41 Billion

During the celebrations
November 1st, 2018 - 12:56 GMT

Al Masaood Renews Loyalty to the Nation and Country’s Leaders on UAE Flag Day

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