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Snap shares dive 24% over impact of Apple security changes

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Los Angeles-based online media bunch accused iPhone-producer’s new standards as it posted distressing final quarter viewpoint.

Snap lost a fourth of its worth in night-time exchange on Thursday as the web-based media bunch posted a dreary standpoint for its final quarter, accusing Apple’s new protection changes. The Snapchat parent cautioned that incomes in the approaching quarter would be somewhere in the range of $1.16bn and $1.2bn, well beneath the current agreement gauge of $1.4bn, as per S&P Capital IQ. Evan Spiegel, Snap CEO, said that since Apple presented another protection strategy among April and June, it had become hard for promoters to comprehend crusade execution, delaying incomes.

The guidelines, which Spiegel said have “overturned” the business, require applications on Apple’s App Store to get unequivocal consent from clients to follow them for promoting purposes. On a call with financial backers, Spiegel said modifying promotion foundation was a need however he was unable to say precisely what amount of time it would require to conform to Apple’s protection worldview. “This has certainly been a baffling mishap for us,” he said.

“However, I thoroughly consider the drawn out these security changes, and ensuring protection for clients of iOS . . . is something that we completely support.” He added: “We’ve surely seen some early indications of progress yet it will take a little while . . . The hidden execution of the promoting stage is still extremely amazing.”

Snap likewise posted a 57 percent ascend in incomes to $1.07bn in the three months to the furthest limit of September, missing the mark regarding its past income direction.

Overall deficits contracted 64% to $72m in the quarter. Spiegel additionally refered to more extensive macroeconomic difficulties around the Covid pandemic that influenced the outcomes, including promoters’ production network issues and work deficiencies.

Snap, whose offers were up 52% this year at Thursday’s market close, lost near 24% of their worth promptly after the declaration in late night exchanging, cleaning $28.5bn from its market value.* Meanwhile, portions of Facebook, which reports profit on Monday, fell 4.5 percent night-time. Other “super distributers” revealed more modest night-time decays: Alphabet shares were down 2.8 percent, Pinterest lost 2.9 percent and Roku was off 3.2 percent.

“Snap surrendered to the very powers that are wracking the sum of the portable promoting environment, which have been catalyzed by Apple’s protection strategy,” said Eric Seufert, a versatile advertisement innovation expert. “It appears to be logical that Facebook will report comparative business grindings on Monday.” Apple’s progressions imply that promoters presently don’t get ongoing, granular data on how their advertisements are performing, and on second thought need to hang tight 72 hours for total information.

A few spectators stressed that the effect of the progressions would be “whole-world destroying”, while others were hopeful that they would have a more safe impact. All things considered, a few publicists are tossing more cash at “place of refuge” benefits that actually offer granular information, like Android and Apple Search Ads. Facebook said last month that it had become “more diligently to quantify [the viability of ad] crusades on our foundation” and assessed it was “under-detailing iOS web changes by around 15%”.

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Business

UAE cracks down on fake and unsafe goods: Suppliers given 24-hour deadline to clear items

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Businesses caught dealing in counterfeit, adulterated, or spoiled goods in the UAE now have just 24 hours to clear them off the shelves or face swift state intervention, under tough new commercial fraud regulations that have officially taken effect.

The new rules, outlined in Cabinet Resolution No. 107 of 2026 (the Executive Regulations of Federal Decree-Law No. 42 of 2023), significantly ramp up consumer protections. They grant authorities sweeping powers to raid premises, seize stock at the violator’s expense, issue public alerts, and order rapid product destruction.

The 24-hour countdown

Once the Ministry of Economy and Tourism or local authorities flag a non-compliant item, the clock starts ticking immediately. Suppliers must halt sales on the spot and execute four mandatory steps within 24 hours:

  • Clear shelves and warehouses: Remove every affected batch from inventory.
  • Alert supply chains: Notify downstream retailers and distributors to pull the products within the same 24-hour window.
  • Recall active stock: Initiate steps to recover items already in circulation.
  • Provide proof: Submit verified evidence to authorities confirming total withdrawal.

Miss the deadline? Expect the bill

Suppliers dragging their feet won’t stall enforcement.

Under Article 8, if a business fails to clear offending stock within 24 hours, government authorities will step in and clear markets and warehouses themselves within the following 48 hours, billing the non-compliant supplier for the entire operation.

Seizures, storage fees, and public name and shame

Authorities now hold expanded legal teeth to intervene early:

  • Impounding stock: Suspected goods can be seized, locked in designated storage facilities, and held during lab testing, with all warehousing fees charged directly to the offender.
  • Public consumer alerts: Regulators can publicly broadcast warnings naming the product type, description, and trademark to warn shoppers against dangerous goods.

Heavy penalties for violators

Ignorance is no longer an easy defence. Administrative penalties will hit anyone caught knowingly trading fraudulent goods, or anyone who should have reasonably known based on their industry expertise that the product posed a health and safety risk.

Regulators are paying particularly close attention to:

  • High-risk goods: Medicines, organic foods, and agricultural supplies.
  • Recycled hazards: Goods previously declared unfit for use that were reintroduced into the market.
  • Profiteering & tampering: Counterfeit items bought for alteration, repackaging, or unlawful resale.
  • Deceptive advertising: Products promoted with false claims regarding origin, ingredients, or quality standards.

Fast-track destruction: 15-day limit

Once a competent court or the Supreme Committee issues a formal ruling, authorities won’t let fake items linger in storage. Under Article 18, confiscated counterfeit and spoiled products must be destroyed within 15 working days, closing the door on unlawful resale.

For consumers, the revamped framework delivers stronger market surveillance and faster removal of hazardous goods. For traders, retailers, and distributors across the UAE, it sends a clear signal: compliance is non-negotiable, and slow reaction times will come with steep financial and legal costs.

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Announcements

Small businesses in the UAE now have tax relief until 2029

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

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Announcements

Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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