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.
Shein shares slide in Hong Kong debut on worries about trade, regulatory risks
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
DWTC gears up for packed calendar of events and exhibitions
Dubai World Trade Centre (DWTC) is gearing up for a busy September, with 14 major exhibitions and conferences taking place across DWTC and Dubai Exhibition Centre.
UAE, Egypt continue cooperation on Banque Misr branches
The Central Bank of the United Arab Emirates and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the normal operation of Banque Misr branches in the United Arab Emirates.
UAE, Lebanon sign agreement to establish joint Business Council
The Federation of the United Arab Emirates Chambers of Commerce and Industry has signed a Memorandum of Understanding to establish the joint UAE–Lebanon Business Council.
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