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Etisalat says CEO resigns, names Egyptian Hatem Dowidar as acting CEO
UAE telecoms operator Etisalat has on Wednesday appointed Hatem Dowidar – who is Egyptian– as acting CEO for the…
Facebook Shops – a new feature to help small businesses amid coronavirus – seen in Egypt…
Facebook Shops – a new service Facebook announced on Tuesday to allow businesses to display and sell products on…
Alibaba to invest $1.41bn in AI system for smart speakers
Alibaba Group Holding said on Wednesday it will invest 10 billion yuan ($1.41 billion) into an AI (artificial…
Facebook launching new shopping feature across apps – CEO
Facebook Inc is launching Shops, a service that will allow businesses to display and sell products on the world’s…
Japanese Sony to take full control of listed financial arm for $3.72bn
Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer…
Japan’s Sharp posts 37% decline in annual profits
Japan’s Sharp Corp, an Apple Inc supplier, reported a 37 percent decline in annual operating profits and refrained…
Uber lays off 3,000 more employees as coronavirus push for more cuts
Uber is laying off another 3,000 employees, the Wall Street Journal first reported as coronavirus spurred more…
China’s Huawei calls U.S. move to curb chips supply arbitrary
China's Huawei Technologies in its first official response to the Trump administration’s move to curb its access to…
SoftBank’s Vision Fund tumbles to $18bn loss in valley of COVID-19
Japan’s SoftBank Group reported a $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate…
Amazon’s Bezos could become the world’s first ever trillionaire
Jeff Bezos is already the world’s wealthiest person by a healthy margin and he’s the founder and CEO of one of the…