BusinessLatest Business and Company Updates
Meta drops VR focus for Horizon Worlds
Meta Platforms is preparing to shut down the virtual reality version of Horizon Worlds by June, signalling a strategic shift toward mobile platforms as the company recalibrates its ambitions in immersive social experiences.The decision marks a notable retreat from one of Meta’s most visible metaverse projects, which had been positioned
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DAMAC sets March pace in Dubai
DAMAC Properties said it led Dubai’s property market by transaction volume in March, reporting sales of 3.12 billion dirhams across 1,106 transactions, a performance that put it ahead of Emaar Properties on 795 deals and Binghatti Holding on 578, according
IILM sukuk sale tests market depth
Kuala Lumpur-based International Islamic Liquidity Management Corporation has raised $1.475 billion through a US dollar-denominated short-term sukuk auction, marking its largest single issuance since its first auction in August 2013 and underscoring the continuing depth of demand for high-quality Islamic
Jury finds Musk misled Twitter shareholders
Elon Musk has been found by a jury to have misled Twitter investors during his 2022 takeover bid, concluding that his public statements about the social media platform contributed to financial harm for shareholders as he pursued a lower acquisition
