Facebook to buy 10 per cent stake in telco unit of India’s Reliance Industries for $5.7b

Bengaluru: Facebook will buy a 10% stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Indian conglomerate cut debt that has piled up in its expensive push to […]

COVID-19 fallout: Heat is being turned up on UAE’s F&B industry

The UAE’s restaurant industry has been reeling under the impact of COVID-19 since the third week of February. And since mid-March, restaurants are limited to having delivery as their only mode of operations. While many restaurants are keeping themselves busy by remaining open to generate whatever revenue they can, many have closed because the cost […]