The executive council had earmarked funds for construction of hospitals and roads in Abu Dhabi. The executive council of Abu Dhabi last Wednesday approved funds worth AED15.
Sectors
iOS7 makes iPhone,iPad users dizzy - report
According to information technology news site CNet, Apple Inc's iPhone and iPad customers experienced symptoms of motion sickness because of operating system iOS 7's parallax and zoom features.
Blackberry cancels scheduled earnings call due to takeover deal
In a released statement, Blackberry Ltd said that it would be cancelling its quarterly earnings call and webcast scheduled for Friday this week.
Postal Service proposes raising stamp price
The USPS had proposed to raise the price of its first-class stamp to USD 0.49. The US Postal Service (USPS) has proposed to increase the cost of a first-class stamp by USD 0.
WP parent Automattic acquires content sharing technology Cloudup
Automattic, Inc, parent company of open source blogging and content management system service WordPress, announced in a blog post that it had acquired content sharing technology startup Cloudup with no financial details disclosed.
Latest News
Sofitel would be opening hotels in Qatar and Saudi Arabia. Sofitel, the luxury hotel brand, is owned by French company Accor, was said to be in active discussion to sign new hotels located in Qatar and Saudi Arabia.
RidePal gathered USD 3.2 million for its Series A round. San Francisco-based shuttle service provider RidePal announced that it was able to score USD 3.
Ares Capital Corporation announced plan to conduct a public offering of 11 million shares of its common stock.
According to a Techcrunch report, Foundry Group pledged a USD5 million Series A investment to Minneapolis landing pages services startup LeadPages.
According to a Bloomberg report, major shareholders like Twitter co-founder Evan Williams would stand to see a rise in the valuation of their shares in the microblogging service after Twitter's IPO.
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
In an announcement today, fashion retailer JustFab said it had raised USD40 million in investment commitments from investors like Shining Capital and Rho Ventures.
In a statement today, ebay Inc announced that it had agreed to acquire Braintree for around USD800 million in cash.
On Thursday, stock exchange SecondMarket launched the first virtual money investment fund in the United States.
