Yahoo will close its last regional office in Dubai next year. According to reports, the US internet giant is set to “streamline” its business after letting go of half of its staff earlier this year. Offices in Amman and Cairo have already closed. The 50 staff members in the UAE were reportedly informed of the decision this week to close the office in April 2016.
UAE and Benin exchange CEPA in Abu Dhabi
The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement on Sunday aimed at significantly expanding trade and investment between the two countries.
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
ADNOC announced on Sunday more than AED 60 billion in local manufacturing opportunities through to 2030, alongside changes to its procurement and supplier systems.
Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
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