PayPal has become the first firm to drop out of Facebook's digital currency project Libra.
The online payments company made the announcement on Friday without specifying what had prompted the decision.
PayPal was among a group of 28 companies and non-profits that were joining forces to develop Libra.
It said it "(remained) supportive of Libra's aspirations" but had chosen to focus on its own core businesses.
There have been growing concerns about how people's money and data will be protected.
H.H. Sheikh Mansoor highlights sustainability, innovation at Gulfood Manufacturing
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, has officially inaugurated the 11th edition of Gulfood Manufacturing at the Dubai World Trade Centre.
Dubai Chamber of Commerce welcomes over 53,000 new companies
The Dubai Chamber of Commerce has announced strong performance figures for the first nine months of 2025, reinforcing its role in driving economic growth and supporting the Dubai Economic Agenda (D33).
ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training
ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
ADIPEC 2025 kicks off in Abu Dhabi with record global presence
ADIPEC 2025 has kicked off on Monday at ADNEC Centre Abu Dhabi, bringing together leading figures from the global energy sector.
Maktoum bin Mohammed chairs Board meeting of Federal Tax Authority
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has approved new plans and policies aimed at making Dubai one of the world’s most beautiful, livable and healthiest cities.
A mild earthquake measuring 4.6 on the Richter scale was recorded south of Musandam at 4:40 PM UAE time on Tuesday.
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, has met with key partners to review preparations for the 27th General Conference of the International Council of Museums — ICOM Dubai 2025.
