US trade delegation visits UAE

Abu Dhabi: Abdullah Bin Ahmad Al Saleh, undersecretary at the Ministry of Economy for Foreign Trade Affairs, recently held a meeting with Ian Steff, assistant secretary for Global Markets and director-general of the US and Foreign Commercial Service and his accompanying delegation at the ministry’s headquarters in Abu Dhabi. The meeting discussed ways of increasing […]

Facebook profit rises to $7.3b but shares sink

San Francisco: Facebook on Wednesday reported quarterly earnings and user growth stronger than most forecasts, but shares took a hit in after-market trades. The leading online social network said net income rose seven per cent from a year ago to $7.3 billion (Dh26.8 billion), while revenue increased 25 per cent to $21 billion in the […]