Bloomberg Samsung Electronics Co. warned it’s grappling with the fallout from a “serious imbalance” in semiconductors globally, becoming the largest tech giant to voice concerns about chip shortages spreading beyond the automaking industry. Samsung, one of the world’s largest makers of chips and consumer electronics, expects the crunch to pose a problem to its business next quarter, co-Chief Executive Officer ...

Bloomberg The autonomous-car artificial intelligence (AI) from Alphabet Inc.’s Waymo avoided or mitigated crashes in most of a set of virtually recreated fatal accidents, according to a white paper the company. The simulations were based on 72 fatal crashes that occurred between 2008 and 2017 in Chandler, Arizona, where Waymo currently operates a small-scale autonomous ride-hail service based on its ...

Bloomberg Alphabet Inc.’s Google is halving the percentage it takes from app developers on sales through its Google Play store, following a similar move by rival Apple Inc. last year. The Mountain View, California-based internet giant said it’s reducing the fees to 15% from 30% for the first $1 million in revenue on sales of apps and in-app-purchases each year. ...

CAIRO / WAM Adel bin Abdulrahman Al Asoumi, President of the Arab Parliament, congratulated His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on being selected as the International Personality for Humanitarian Relief for 2021. In a statement to the Emirates News Agency (WAM), Al Asoumi said ...

SHARJAH / WAM Sharjah Real Estate Registration Department in Sharjah revealed that the volume of real estate transactions in the emirate reached 1,818 transactions with a value of AED3.5 billion in February 2021. Abdul Aziz Ahmed Al Shamsi, Director-General of the Department, explained that the number of sales transactions in the emirate amounted to 457, which accounted for 25.1 percent ...

Abu Dhabi / WAM The UAE has strongly condemned the terror attacks that targeted an area in Western Niger close to the country’s border with Mali, which resulted in the death and injury of dozens of innocent people. In a statement, Ministry of Foreign Affairs and International Cooperation affirmed the UAE’s strong condemnation of these criminal acts and its permanent ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) & Abu Dhabi Motorsports Management (ADMM) on Wednesday announced an extension to their long-term strategic partnership. Supporting the health and wellbeing of the UAE community, and providing more ways to participate in motorsport at all levels, will be key areas of focus, with Adnoc playing a pivotal role in ...

ABU DHABI / WAM Shuaa Capital, an asset management and investment banking platform in the region, has announced the appointment of Walid El-Hindi as its CEO of real estate with immediate effect. Walid will be responsible for managing Shuaa’s significant real estate portfolio and activities across the value chain and multiple geographies. The role of the new CEO will encompass driving ...

ABU DHABI / WAM Etihad Rail, the developer and operator of the UAE’s national railway network, announced on Wednesday its partnership with the Saudi Railway Company (SAR), by signing a strategic agreement establishing a framework for the exchange of services, training, and knowledge transfer. Shadi Malak, Chief Executive Officer of Etihad Rail, and Dr Bashar Al Malik, Chief Executive Officer ...

DUBAI / WAM Egyptian and Emirati officials discussed collaborations to develop the content of the Digital School to provide a certified high-tech online education to reach students in disadvantaged communities across the world. In a meeting, Omar Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and Chairman of the Board of Directors of ...