Before dawn on March 1, 2026, while most of the Gulf was asleep, a swarm of Iranian Shahed drones crossed into the United Arab Emirates. They weren't headed for a military base. They weren't aimed at a port or an airstrip. They were looking for something far more valuable — and far more vulnerable. They found it. Two Amazon Web Services data centers in the UAE took direct hits. A third in Bahrain was damaged by a nearby strike. Structural damage. Fires. Power knocked out. Fire suppression systems flooded the hardware with water. Two of the three availability zones in AWS's entire Middle East region went dark simultaneously — something the system was never designed to survive. Banks went offline. Payments failed. Careem, the Gulf's dominant ride-hailing and delivery platform, went down. Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Commercial Bank — all reported disruptions. The UAE stock market halted. AWS quietly told its customers to migrate their workloads to othe...
This is proof that the economy is showing signs of recovery.
The two companies also struck a three-year agreement under which Monster will provide career and job content for the Internet giant's homepage in the U.S. and Canada. Under terms of that agreement, Monster will make payments to Yahoo, subject to annual floors and ceilings, based on the number of clicks and expressions of interest that Yahoo drives to the classifieds company.
Yahoo last month agreed to sell email technology unit Zimbra, a start-up it acquired for $350 million little more than two years ago, to VMware Inc. (VMW). Terms of that deal weren't disclosed.
Yahoo, which bought HotJobs in 2001 for $436 million, has also reportedly been shopping around its small business unit although no buyer has yet emerged.
The HotJobs deal comes one week after Yahoo Chief Executive Carol Bartz seemed to downplay the company's efforts to sell assets, adding that she was looking forward to making acquisitions and investments aimed at strengthening the company.
"It's a decent price for a distressed asset with limited buyers," said BGC Partners analyst Colin Gillis.
Monster has attracted job seekers during the economic downturn, but advertisers have slashed budgets. Monster responded by cutting costs, and recently launched a new search-and-match technology in its latest effort to regain leadership in the industry.
CareerBuilder was in the top spot with 16.6 million unique visitors in December, compared with Monster's 16.5 million visitors, according to research group comScore.
HotJobs has slipped to a distant third, with 11.1 million uniques in December. Accounting for some 3.5 million overlapping visitors, comScore said the addition of HotJobs would give Monster about 24 million unique monthly visitors.
Monster said the HotJobs acquisition would lead to an increase in job matches and search efficiencies and be breakeven on a pro forma full year earnings in 2010 and accretive thereafter, including the costs incurred under the traffic agreement.
[Source: Wall Street Journal]
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