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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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UAE urges companies to adopt flexible working arrangements amid adverse weather conditions

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The Ministry of Human Resources and Emiratisation (MoHRE) has called on private sector companies across the UAE to reinforce workplace safety measures and take preventive steps to protect employees during expected adverse weather conditions.

In a statement, the ministry emphasised that worker health and safety remain a top priority, particularly at outdoor worksites where operations may be affected during severe weather.

Flexible or remote work arrangement

Companies have been advised to implement necessary precautions, including introducing remote or flexible working arrangements where required. Employers were also urged to ensure the availability of personal protective equipment, safe transportation, and suitable workplace conditions.

The ministry commended businesses for their ongoing efforts to maintain safe working environments and raise awareness among employees regarding safety protocols during emergency weather situations. It also confirmed continued coordination with relevant authorities to issue guidance and instructions aimed at safeguarding workers nationwide.

Additionally, MoHRE highlighted that awareness campaigns are being conducted in collaboration with government entities and the private sector to strengthen occupational health and safety standards. Enforcement measures, it added, remain in place to address any violations.

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Business

UAE launches new digital platform to manage federal government real estate

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The UAE Ministry of Finance has launched a new digital system to centralise and manage data on all federally owned real estate, marking another step in the country’s push to modernise public asset management and strengthen governance.

The platform, known as the Federal Government Real Estate Assets Platform, will act as a unified electronic registry for federal government properties. It is designed to document, update and classify real estate data, while linking assets directly to financial and operational systems across the federal government.

The ministry said the launch fulfils the requirements of Article 18 of Federal Decree-Law No. 35 of 2023 on Union-Owned Properties, which mandates the creation of a federal electronic registry for government real estate.

Supporting digital transformation

Younis Haji AlKhoori, Undersecretary at the Ministry of Finance, said the platform is designed to strengthen regulation, governance and oversight of federal real estate assets, while supporting the UAE government’s wider digital transformation agenda.

By automating real estate-related processes, the system aims to improve data accuracy and provide better insights for policymaking, planning and long-term asset management.

Federal entities can use the platform to register and update property data under standardised classifications, manage leasable spaces, and submit real estate-related requests through automated workflows. These include inspections, transfers, sales, demolitions and structural changes to properties.

The platform also integrates with other federal systems to ensure records remain up to date, while generating reports and performance indicators to support evidence-based decision-making.

Linking real estate and financial data

Mariam Mohamed Al Amiri said the platform was developed to unify real estate data across federal bodies and connect it directly to financial and operational procedures, helping improve planning, expenditure control and transparency.

The system records both financial and non-financial data, including property values, depreciation, operating costs, location, condition and technical specifications. It also stores digital documents such as architectural drawings, site maps and contracts.

A new four-tier classification structure, covering sites, buildings, floors and individual units, standardises how government real estate is recorded and enables faster access to information.

From paper to digital

According to the ministry, the platform replaces paper-based procedures with a fully digital framework that supports real-time tracking, automated approvals and structured lease management, including contract creation, amendments and terminations.

Officials said the move will improve the efficiency of federal real estate use, enhance governance and support long-term planning of government-owned properties as part of the UAE’s broader digital government strategy.

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UAE VAT rules are changing in 2026: Here’s what businesses need to know

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The UAE’s Ministry of Finance has announced a new set of amendments to the country’s VAT law, with the revised rules taking effect on January 1, 2026. The changes are designed to make the tax system easier to use and more aligned with international best practices.

In a statement, the Ministry said the move supports the UAE’s ongoing efforts to streamline its tax framework and improve administrative efficiency. The updates are also designed to provide businesses with greater clarity and reduce unnecessary paperwork.

Simpler filing, fewer steps

One of the biggest changes removes the requirement for businesses to issue self-invoices when using the reverse charge mechanism. Instead, companies will simply need to keep the usual documents that support their transactions, such as invoices, contracts and records, which the Federal Tax Authority (FTA) can review when checking compliance.

According to the Ministry, this adjustment “enhances administrative efficiency” and provides clear audit evidence without placing extra paperwork burdens on businesses.

Five-year window for VAT refunds

The updated law also introduces a five-year limit for claiming back refundable VAT after accounts have been reconciled. Once this period ends, businesses lose the right to submit a claim. Officials say this helps prevent long-delayed refund requests and gives taxpayers more certainty about their financial position.

Tighter rules on tax evasion

To protect the system from misuse, the FTA will now have the authority to deny input tax deductions if a transaction is found to be linked to a tax-evasion arrangement. This means businesses must ensure the supplies they receive are legitimate before claiming input VAT.

Taxpayers are expected to verify the “legitimacy and integrity” of supplies as part of these strengthened safeguards.

Supporting a competitive economy

The Ministry said the amendments will boost transparency, ensure fairness across the tax system and support better management of public revenue. The updated rules also aim to maintain the UAE’s competitive edge while supporting long-term economic sustainability.


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