DUBAI / Reuters Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, met analysts’ average forecast as it reported a 2 percent rise in fourth-quarter net profit, according to reports. It made a net profit of 555 million riyals ($152 million) during the three months to Dec. 31, compared with 544 million riyals in the same …

  Bloomberg The young entrepreneur credited as the brains behind Facebook Inc.’s virtual reality headset was accused in court of betraying a company that had worked with him to display the technology at a trade show. Oculus VR founder Palmer Luckey, whose startup was bought by the social media giant for about $2 billion in 2014 when he was 21, …

  DUBAI / Emirates Business The year 2016 was another eventful year for the consumer electronics industry with a number of exciting and sophisticated technologies advancing to fulfill their potential on the world stage. The year 2017 appears to see the continuation of these trends, as the products, which shape the world around us are improved to better suit evolving …