Dubai denies being in talks with Abu Dhabi for support from state fund Mubadala

Reuters earlier reported that the governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai’s economy, through support from state fund Mubadala. (Reuters)
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Updated 16 May 2020

Dubai denies being in talks with Abu Dhabi for support from state fund Mubadala

  • Reuters published a story without further investigating the accuracy of this claim and verifying the trustworthiness of its source

CAIRO: Dubai has denied being in talks with Abu Dhabi’s government for support from state fund Mubadala, Dubai Media Office reported on Twitter.
“The Government of Dubai denies a news report from Reuters that claims Dubai is in talks with Abu Dhabi for support from state fund Mubadala,” the Dubai emirate’s communications unit said on social media.
“Reuters published a story without further investigating the accuracy of this claim and verifying the trustworthiness of its source.”


Reuters earlier reported that the governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai’s economy by linking up assets in the two emirates, citing three sources familiar with the matter.
The wires agency also quoted on of its sources as saying that any support from Abu Dhabi agreed now would be “orchestrated through mergers of assets where Abu Dhabi and Dubai compete directly or where they have joint ownerships”.
“The most likely deal to happen in the near term is a merger of the local stock markets,” the source said, adding that bank mergers were also possible.
A second source confirmed the talks and said Mubadala, which manages around $230 billion in assets, would make “a big move into Dubai”, but gave no details.

 


Apple, Google drop Fortnite from app stores over payments

Updated 14 August 2020

Apple, Google drop Fortnite from app stores over payments

  • Google said Fortnite will remain available on Android, just not through its app store
  • Apple and Google both take a 30% cut from in-app revenue purchases in games

NEW YORK: Apple and Google dropped the popular game Fortnite from their app stores after the game’s developer introduced a direct payment plan that bypasses their platforms.
Apple and Google both take a 30% cut from in-app revenue purchases in games, which has long been a sore spot with developers.
Fortnite is free, but users can pay for in game accoutrements like weapons and skins. Its developer, Epic Games, said in a blog post Thursday that it was introducing Epic Direct payments, a direct payment plan for Apple’s iOS and Google Play. Epic said the system is the same payment system it already uses to process payments on PC and Mac computers and Android phones.
Apple and Google said the service violates their guidelines.
“Epic enabled a feature in its app which was not reviewed or approved by Apple, and they did so with the express intent of violating the App Store guidelines regarding in-app payments that apply to every developer who sells digital goods or services,” Apple said in statement.
Google said Fortnite will remain available on Android, just not through its app store. Android users can download the app from other app stores, although that’s generally not an option for iPhone users.
Epic Games did not immediately return a request for comment. Epic’s Fortnite Twitter account said the company would debut a new short film called “Nineteen Eighty-Fortnite,” a seeming parody of Apple’s iconic “1984” commercial that introduced the Macintosh computer. It has also filed a complaint against Apple in the US District Court in Northern California for dropping Fortnite.