BLOOMBERG Samsung Electronics Co introduced the fifth generation of its foldable smartphones, seeking to counter a sluggish market for devices and upcoming rival products from Apple Inc. The new Galaxy Z Flip 5, a 6.7-inch smartphone that folds down into a square shape, now has an external display covering the majority of one side, making it more useful when closed. …

BLOOMBERG Meta Platforms Inc topped forecasts for second-quarter sales and gave a rosy outlook for the current period, signalling that the social networking giant is succeeding in migrating advertisers to its new Reels short-video feature. The company said second-quarter revenue was $32 billion, compared with analysts’ average projections for $31.1 billion. In a statement, Meta said sales in the current …

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday received condolences on the passing of Sheikh Saeed bin Zayed Al Nahyan from H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; …

TOKYO / WAM An Emirates News Agency (WAM) delegation led by Mohammed Jalal Al Rayssi, Director-General of the WAM, met with several Japanese media leaders and officials to explore ways of enhancing their news sharing and media cooperation. The WAM also invited Japanese media entities to participate in Global Media Congress, which will take place in November. During its visit …

DUBAI / WAM The Emirati Human Resources Development Council (EHRDC), in collaboration with the Ministry of Human Resources and Emiratisation, Nafis programme, the Dubai Community Development Authority and The Dubai College of Tourism (DCT), successfully organised an Open Career Day at Um Suqeim Majlis. This dedicated event was designed to offer Emiratis career opportunities to be part of the Emirates …

ABU DHABI / WAM  Borouge on Friday announced its financial results for the three- and six-month periods ended on June 30, with first-half revenues of $2.8 billion and adjusted Ebitda of $978 million. The company’s ambitious Value Enhancement Programme delivered a material $253 million impact in efficiencies and revenue optimisation year to date and is a significant and positive contributor …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received condolences for a second day on the passing of Sheikh Saeed bin Zayed Al Nahyan from Sheikhs, delegations and crowds of mourners. His Highness received condolences at Qasr Al Mushrif in Abu Dhabi from HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy …

BLOOMBERG China’s markets regulator has consulted securities firms for possible measures to boost stocks amid growing signs Beijing is seeking to restore investor confidence, people familiar with the matter said. The China Securities Regulatory Commission convened a meeting with select brokerages to solicit their feedback, the people said, asking not to be named discussing a private matter. Among measures proposed …

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has launched the third batch of the “For Her” programme, in collaboration with Hamdan bin Mohammed Smart University (HBMSU) under the theme ‘Future Capabilities for Inspiring Women’. The programme, which aims to foster capable female leaders who contribute to achieving Dewa’s vision and strategic goals, supports the organisation’s ongoing efforts to …

CHENNAI / WAM With only 124 days left before COP28 UAE, COP President-Designate Dr Sultan Al Jaber on Friday urged G20 nations to take a leadership role on climate action, and said that their decisions will have an enormous influence on the outcomes for all countries. In a speech at the G20 Climate Sustainability Ministerial Meeting in Chennai, India, Dr …