Facebook may be slapped with a $5 billion fine over privacy lapses: report

Washington: US regulators have approved a $5 billion (Dh18 billion) penalty to be levied on Facebook to settle a probe into the social network’s privacy and data protection lapses, the Wall Street Journal reported on Friday. The newspaper said the Federal Trade Commission approved the settlement in a 3-2 vote, with the two Democratic members […]

Shuaa gives green light for ADFG takeover

Dubai: Shareholders of Shuaa Capital on Thursday unanimously voted for the merger of the company with Abu Dhabi Financial Group (ADFG), a leading investment group in the region. The transaction implies that ADFG shareholders will own 58 per cent of the enlarged entity, with Shuaa’s existing shareholders owning the rest. It is now subject to […]