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.
Global Food Week concludes with AED6.6 billion in deals
The largest edition of Global Food Week has concluded in Abu Dhabi, with 58 agreements reached over three days at a value of AED6.6 billion, reflecting a 6.5 per cent increase to the previous edition.
Ferrari aims at AI generation with crypto auction for Le Mans car
Ferrari is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles.
UAE expands access to government bonds with 'Retail Sukuk' initiative
The UAE Ministry of Finance has launched an initiative called 'Retail Sukuk', allowing individual investors to access Shariah-compliant, government-backed Treasury Sukuk (T-Sukuk) through digital platforms operated by local banks.
New UAE-Oman freight rail link to boost regional trade
A new freight rail service is set to connect Sohar in Oman with Abu Dhabi in the UAE, marking a major step forward in regional trade and logistics.
Trump says all trade talks with Canada are terminated
US President Donald Trump said on Thursday all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late President Ronald Reagan spoke negatively about tariffs.
