Bloomberg Alphabet Inc.’s Nest introduced a cheaper version of its digital thermostat to spur sales as the smart home sector gains new competitors. The new model, the Thermostat E, costs $170, coming in $80 below the current version, Nest said. To cut costs, Nest used plastic rather than metal for the edges that surround the circular thermostat and swapped the …

DUBAI / Emirates Business LG Electronics (LG) took the wraps off the eagerly anticipated LG V30, the latest iteration of the company’s V series flagship smartphones. The LG V30 improves on the strengths of the V series phones in providing a whole new mobile experience and offering optimal multimedia features. The V30 features many industry innovations – the first F1.6 …

Abu Dhabi / Agencies Eshraq Properties Company PJSC (“Eshraq”) and Reem Investments PvJSC (“Reem”) confirmed that the discussions are at an advanced stage over a potential strategic investment in Eshraq (by way of subscription for new shares to be issued by Eshraq) in return for the acquisition of Reem’s entire business and assets (the “Potential Transaction”). This Transaction will create …