BLOOMBERG Huawei Technologies Co’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc and US sanctions with a surprise breakthrough in chip technology. Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales. ...

BLOOMBERG General Motors (GM) Co said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city. The company said that San Francisco used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue, ...

BLOOMBERG The billionaire co-founder of Xiaomi Corp Lei Jun unveiled the company’s first electric vehicle (EV), declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc and Porsche AG. Lei spent hours detailing the SU7’s features, which include a range of up to 800 kilometres (500 miles) on a single charge, adjustable ...

RAS AL KHAIMAH / WAM Ras Al Khaimah welcomed the New Year with yet another record-breaking eight-minute-long firework and drone display setting two new Guinness World Records titles in a stunning spectacle that lit up the skies along 4.5 km stretch of Ras Al Khaimah’s waterfront. Already holding several Guinness World Records titles for its legendary fireworks New Year’s Eve ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) announced the commencement of directly managing the penal and correctional institutions and juvenile facilities in the Emirate of Abu Dhabi. Under the Law issued by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as the Ruler of the emirate of Abu Dhabi, regarding penal and correctional ...

ABU DHABI / WAM Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE’s Comprehensive Economic Partnership Agreement (Cepa) programme has enjoyed exponential growth in 2023, with three deals implemented, two more signed and awaiting implementation, and four agreed — taking the total number of Cepa partners since the launch of the programme to 10 across ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Miguel Diaz-Canel of Cuba, on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

DUBAI/WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of The Executive Council of Dubai, today visited the Hatta Festival, organised by Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), in collaboration with the Supreme Committee Overseeing Hatta Development. The inaugural edition of the event, which concludes ...

RAS AL KHAIMAH/WAM H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, today attended part of the fifth day of the Mohamed bin Zayed Festival for Arabian Purebred Camel Racing and Camel Beauty Pageant. Sheikh Mohammed bin Saud crowned the winners, in the presence of Sheikh Sultan bin Hamdan Al Nahyan, Adviser to the ...

DUBAI/WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Arab Strategic Forum will commence its activities in Dubai on January 3rd, 2024. Titled “The Political and Economic State of the Arab World in 2024,” the thought-provoking event will bring together prominent global leaders, strategic experts, and leading ...