TikTok's owner could be in hot water.
The firm that owns the Chinese video-sharing service is being subject to a national security review over the purchase of the Musical.ly app.
ByteDance purchased the app for AED 3.6 billion in 2017.
According to reports, the deal is being investigated as it had allegedly not been cleared by a US body that scrutinises acquisitions.
Aviation sector contributes $4.1 trillion to global economy
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
Paris AI summit draws world leaders
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
16% growth in new economic licences in Abu Dhabi during 2024
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
DEWA updates billing on water consumption
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
UAE, Japan to complete CEPA by end of year
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
