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The Levant

‘This is probably the last time you’ll ever talk to me’: WhatsApp’s cofounder broke his silence about his icy relationship with Mark Zuckerberg

WhatsApp cofounder Brian Acton has broken his silence about why he left Facebook last year in an explosive interview with Forbes— and it is a gnarly Silicon Valley fight for the ages. Acton left Facebook in 2017, three years after the company acquired WhatsApp for $16 billion. His cofounder, Jan …

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India has no plans to buy Iran oil in November

India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as US sanctions hit. Indian Oil Corp. and Bharat Petroleum Corp. haven’t asked for any Iranian cargoes for loading in November, according to officials at the companies. …

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Egypt plans foray into Asia bond market

Egyptian officials will tour Asia later this year to test interest in the country’s debt, part of government efforts to expand borrowing options as volatility roils emerging markets, Finance Minister Mohammad Maait said. Egypt has raised the possibility of issuing Samurai or Panda bonds in the past, but the planned …

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Russia to send newer, S-300 missile defense systems to Syria

Russia announced Monday that it will supply the Syrian government with modern S-300 missile defense systems following last week’s downing of a Russian plane by Syria, a friendly fire incident that send regional tensions over the war-torn country soaring. The Russian military aircraft was downed by Syrian government missile defense …

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Enoc expands network

The Emirates National Oil Company (Enoc) recently opened five new service stations in Dubai, expanding its network to 122 stations in the UAE. The group is on track to increase its fuel retail presence by 40 per cent by 2020, the company said in a statement. Two of the newly …

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Revealed: UAE expats who send most money

Remittances, which are essentially the money earned abroad and sent home by expatriate workers to their families, are the backbone of some economies outside the Gulf. Remitted funds are mainly used to cover the costs of basic expenses of dependents, including housing, food, education and medical bills. They also boost …

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Vision 2030 drives Saudi march to the future

Today, the Kingdom of Saudi Arabia celebrates its 88th National Day. It marks the day the Kingdom was unified under the founding King Abdul Aziz Bin Abdul Rahman Al Saud in 1932. On this occasion, we also celebrate the progress our great nation has made over the last nine decades …

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