Facebook has almost tripled its profits in the third quarter of 2016. The social media goliath announced that it has enjoyed a 59% year-over-year increase in advertising revenue. Their net income for the three months ending on September 30 rose to AED 10.2 billion from AED 3.2 billion a year earlier.

Mubadala, Barings launch $500 million global real estate debt partnership
UAE, Philippines agree on additional flight rights
Dubai launches nationwide campaign to combat economic fraud
DP World launches 36-hour Dubai-Iraq sea link
Parkin expands into Abu Dhabi under partnership with DAMAC
