Elon Musk is reportedly set to auction off various Twitter office supplies, including furniture, to clear rent dues of several weeks at its San Francisco headquarters and other global offices.
Musk has been trying to cut costs since his $44 billion takeover of the social media platform laying off employees and shutting down entire divisions.
He also introduced a paid system for blue tick verification.
According to reports, Musk is renegotiating the terms of the lease agreement even as real estate and management firms like Shorenstein, which owns Twitter’s San Francisco headquarters have complained against the company.
Twitter is also auctioning dozens of items of furniture, appliances, and memorabilia, including a large Twitter bird statue, a giant "@" sculpture, and other less interesting items like espresso machines and chairs.
The auction will be conducted online starting on January 17, 2023, and closing the next day, according to Heritage Global Partners, which is organising the sale.
Dubai's Roads and Transport Authority (RTA) has collected AED 4.42 billion in digital revenue in 2024, marking a 16 per cent growth compared to the previous year.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed ways to strengthen cooperation across various fields during talks with Emir of Qatar Sheikh Tamim bin Hamad Al Thani in Abu Dhabi.
Eight-year-old Egyptian Lily Jamal Ramadan has been honoured in Dubai for finding and handing over AED 17,000 left behind at a cinema hall to the authorities.