The company that owns Snapchat could value the company at a minimum of Dhs91 billion (USD25 billion). If true, the sale share would be the largest on a US stock exchange since 2014. Snap Inc is working on the stock-market listing, and said it won’t comment on the financial status. The picture and video sharing app has 150 million users, and is only four years old.
State Street plans to expand UAE operations
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre, has met Ronald P. O’Hanley, Chairman and Chief Executive Officer of State Street Corporation.
Binance sees spike in withdrawals as exchange returns online after heist
Binance customers have pulled $3.64 billion, or 2.1 per cent of its assets, as the world's biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week.
DAFZ, Forbes Middle East to host Future Growth Nexus Summit
Under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority, Dubai Airport Freezone and Forbes Middle East will hold the first Future Growth Nexus Summit in Dubai on November 23.
Dubai Chambers launches Agentic AI category in business awards
Dubai Chambers has launched an Agentic AI category under the Mohammed Bin Rashid Al Maktoum Business Award.
UAE trade deal with DR Congo takes effect
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Democratic Republic of Congo has officially come into force, opening up new opportunities for trade and investment between the two countries.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has announced the launch of Nad Zabeel, Dubai’s future research, design, and innovation campus that aims to attract 30,000 researchers and specialists.
The UAE has strongly condemned the attack targeting the Qatari-owned liquefied natural gas (LNG) tanker Al Mayeda in the Arabian Gulf.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with global leaders in energy, technology, artificial intelligence, and investment participating in ENACT Majlis, held at the Abu Dhabi Energy Center on Sunday.
