Facebook has no near-term plan to monetise WhatsApp: CEO
New Delhi: Facebook Inc, which closed its acquisition of mobile messaging service WhatsApp on Monday, has no near-term plan to make money from the service, Chief Executive Mark Zuckerberg said on Thursday. Zuckerberg, who is visiting India to participate in an event to boost Internet usage, did not give details.
Dubai to have Dh30b worth of projects for Expo 2020
Dubai: Projects worth Dh30 billion will be built across Dubai to further enhance the emirate’s infrastructure in time to host Expo 2020, a senior official announced at the Dubai International Project Management Forum in Dubai on Monday.
World on the brink of an oil price war
London: A group of the world’s most powerful oil ministers will soon gather in Vienna to take arguably one of the most important decisions that could affect the still fragile world economy: whether to cut production of crude to defend prices at $100 (Dh367) per barrel, or keep open the spigots as winter looms among the biggest energy-consuming nations?
4K TVs have become affordable now, retailers say
Dubai: Sales of ultra high-definition (UHD), also known as 4K, TVs are soaring as prices get aggressive and affordable for consumers.
The 4K TVs boast a pixel format of 3840 x 2160 pixels, four times that of current 1920 x 1080p Full HD TVs, and have great clarity and depth.
Saudi Arabia pivots towards Asia for oil exports
Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region. Saudi Aramco, the kingdom’s state oil producer, looks set to again cut the official selling prices (OSPs) for November cargoes when details are published shortly.
Dubai World agrees restructuring with largest creditors
Dubai: Dubai World’s biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai’s top government officials said on Wednesday.
Dubai to tap into Africa growth via key investments
Dubai: The Dubai government is turning its attention to Africa in a bid to cash in on the world’s second most populous continent through a series of key strategic investments. The message was clear at the Africa Global Business Forum in Dubai held on Wednesday. In what may have been a clear sign of Dubai’s intentions, Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, sat in on the forum during a panel discussion featuring the Presidents of Ghana, Ethiopia and Rwanda.
Alibaba shares surge 46 per cent in their debut
New York: Alibaba Group Holding Ltd’s/sshares rose as much as 46 per cent in their first day of trading on Friday, lifting the Chinese online retailer’s value to $244 billion.
Germany's IT deficit needs serious attention
The Hannover Messe, the world’s largest industrial fair, is normally an occasion for German industry to celebrate its world-beating engineering prowess.
Dubai-UAE looks to cement its super-hub status with $32b investment.
Desert destination Al Maktoum International airport stands alone in the desert, on the fringes of Dubai.