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.
IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
Apple unseats Nvidia to become world's most valuable company
Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.
Indian court orders Maruti to replace car in first E20 fuel damage ruling
In a ruling that could expose automakers to greater liability over India's ethanol-blended fuel policy, a consumer court has ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his vehicle.
Irish airline Aer Lingus plans 500 job cuts as fuel prices soar
Irish airline Aer Lingus could cut up to 500 jobs as part of a reorganisation, it said, citing high costs and a challenging economic environment as the sector grapples with surging oil prices due mainly to the US-Iran war.
Parkin expands into Sharjah's Aljada with partnership with Arada
Starting today, Parkin has expanded its smart paid parking services to Sharjah's Aljada following a five-year partnership with developer Arada.
The UAE has expressed its deep concern over the developments that the region witnessed over the past few days, calling for an immediate halt to the escalation to avoid worsening tensions and instability in the region.
The UAE Public Prosecution has expanded its investigation into the publication of the false report claiming explosions were heard in central Dubai.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages on social media to mark Union Pledge Day, "renewing commitment to the principles of unity established by the late Sheikh Zayed and his brothers".
