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UAE selected to chair World Bank’s Cloud Computing Working Group

DUBAI/ WAM The UAE has been appointed to chair the World Bank’s Cloud Computing Working Group, in recognition of the country’s remarkable progress in advanced technology and digitalisation, as well as its role as a global leader in digital transformation. The selection also acknowledges the UAE’s success in applying international best practices in cloud computing, and supporting government entities and ...

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Apple executive who invented iPhone screen, touch ID is leaving

BLOOMBERG Apple Inc’s senior executive overseeing touch-screen technology, health sensors and the company’s Face ID interface is leaving the company, according to people with knowledge of the matter. Steve Hotelling, most recently a company vice president, is retiring from Apple, said the people, who asked not to be identified because the move hasn’t been announced. He had reported to Johny ...

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Tata plans new iPhone factory to hasten Apple’s India expansion

BLOOMBERG Conglomerate Tata Group plans to build one of India’s biggest iPhone assembly plants, tapping Apple Inc’s ambitions to increase manufacturing in the South Asian country. Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 ...

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Apple readies new iPads and M3 MacBook Air to combat sales slump

BLOOMBERG Apple Inc, seeking to reverse a decline in Mac and iPad sales, is preparing several new models and upgrades for early next year, according to people familiar with the situation. The effort includes updating the iPad Air, iPad Pro and MacBook Air, according to the people, who asked not to be identified because the products haven’t been announced. The ...

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Boeing closes in on 737 target with November delivery spurt

BLOOMBERG Boeing Co delivered 46 of its 737 family jets in November, its largest such tally in five months, leaving the manufacturer just 24 aircraft short of its revised annual target. The US planemaker has stepped up its delivery tempo as it streamlines inspections of a supplier defect in some 737 Max models and works to clear already built aircraft ...

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In the presence of Theyab bin Mohamed bin Zayed, Authority of Social Contribution – Ma’an launches We Volunteer initiative

ABU DHABI / AD MEDIA OFFICE In the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed, Chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, the Authority of Social Contribution – Ma’an (Ma’an), has launched its We Volunteer strategic initiative. Aiming to enhance community engagement by developing a volunteering eco-system in Abu Dhabi, ...

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Air France-KLM jumps most in nine months in Paris trading

BLOOMBERG Air France-KLM jumped the most in nine months in Paris trading after the airline group promised profitability beyond its current target. The operating margin will exceed 8% between 2026 and 2028, the Franco-Dutch airline group said on Thursday in a statement ahead of a meeting with investors. The goal compares with a medium-term prediction of a margin of 7% ...

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Southwest Air’s slight outlook boost disappoints Wall Street

BLOOMBERG Southwest Airlines Co kept its year-end outlook largely intact despite stronger-than-expected holiday travel, unsettling investors who had been anticipating a bigger boost. The carrier slightly raised the low end of its fourth-quarter revenue forecast while keeping projections for non-fuel costs and flight capacity unchanged. Fuel expenses will be as much as $3.10 a gallon in the period, Southwest said ...

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