Facebook has almost tripled its profits in the third quarter of 2016. The social media goliath announced that it has enjoyed a 59% year-over-year increase in advertising revenue. Their net income for the three months ending on September 30 rose to AED 10.2 billion from AED 3.2 billion a year earlier.
BRIDGE Summit drives $200 million deal to boost UAE's media sector
A $200 million investment multi-dimensional partnership deal has been outlined at BRIDGE Summit 2025 that will position the UAE as the world’s new epicentre for compute, advanced media production and next-generation education.
ADCB successfully completes AED6.1 billion rights issue
Abu Dhabi Commercial Bank PJSC (ADCB) on Wednesday announced the successful completion of its AED6.1 billion rights issue, following the close of the subscription period on December 4.
UAE, Russia to strengthen economic ties
The United Arab Emirates and Russia have reaffirmed their commitment to deepening economic cooperation during a high-level meeting in Dubai.
Dubai Duty Free hits AED8 billion retail landmark
Dubai Duty Free reached an historic milestone on Tuesday when the airport retailer passed AED8 billion in annual sales for the first time in its 42-year history.
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