Mark Zuckerberg did not ignore personal data issues: Facebook

Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company’s management of users’ personal data, the social media giant said Wednesday as it addressed an issue that has been under federal investigation for the past year. Facebook was required to provide the Federal Trade Commission (FTC) with emails, some […]

The buying craze for Saudi telecom stocks has analysts frowning

Riyadh Two Saudi Arabian telecom stocks have delivered the best returns in the nation’s equity market this year in a rally spurred by retail investors hoping for dividends. Most analysts see the gain as unsustainable. Mobile Telecommunications Co., or Zain KSA, and Etihad Etisalat Co. advanced over 40 per cent this year, almost three times […]

Opec deal to keep production curbs in place imminent — UAE energy minister

Abu Dhabi: Members of the Organisation of the Petroleum Exporting Countries (Opec) are close to reaching an agreement on extending production cuts, the UAE’s energy minister said on Tuesday. Speaking at the International Economic Forum of the Americas, Suhail Mohammad Faraj Al Mazroui, Minister of Energy and Industry, said that given existing oil inventories the […]