Bloomberg Lenovo Group Ltd.’s mobile-phone business continues to shrink, while its personal-computer division managed anaemic growth in the face of brutal holiday-season competition. The world’s largest PC maker’s profit plummeted more than two thirds in the December quarter, missing analysts’ projections after HP Inc. threatened its position in North America. Smartphone sales declined almost a quarter globally as Lenovo ...

  Bloomberg Huawei Technologies Co., the third-largest smartphone maker, is preparing to enter the competitive world of digital assistants with its own voice-powered service, people familiar with the matter said. A team of more than a hundred engineers is in the early stages of developing the technology at its Shenzhen, China offices, one of the people said. The efforts are ...

  Bloomberg For global technology investors, deal-making is set to be one of the biggest investment opportunities of 2017, and they may have the new US president to thank for it. Tech companies are one of the biggest accumulators of offshore capital. According to some estimates, Apple Inc., Microsoft Corp., Cisco Systems Inc., Oracle Corp., and Alphabet Inc. hold a ...

  Dubai / Emirates Business Mimecast Limited (NASDAQ: MIME), a leading email and data security company, announced the launch of the Mimecast Email Security Risk Assessment (ESRA), an analysis report measuring the effectiveness of email security systems. This effort highlights the need to push the entire industry to work toward a higher standard of email security. The report showed that ...

  RAS AL KHAIMAH / WAM Ras al-Khaimah Chamber of Commerce and Industry (RAK Chamber) hosted a high-level Belgian delegation led by Pieter De Crem, Belgian Secretary of State for Foreign Trade, to explore investment opportunities, enhance economic relations and bolster means of cooperation. The meeting was part of the Belgian delegation’s visit to the UAE, organised by the UAE ...

  ABU DHABI / WAM The Sharjah Finance Department (SFD) launched an e-payment service in partnership with the Emirates Identity Authority (EIDA). Now the Emirates ID card can be used to make payments for service fees for all Sharjah government departments, it was announced. The strategic agreement with Emirates ID indicates that the Department’s system is now linked to all ...

  DUBAI / WAM The 1st cycle of the Mohammed bin Rashid Al Maktoum, MRM, Business Innovation Award, launched by Dubai Chamber of Commerce and Industry in cooperation with the Ministry of Economy, has resulted in the adoption of new innovative strategies among businesses in the UAE and the wider GCC region. Preparations are currently underway to host an awards ...

  DUBAI / WAM Nasdaq Dubai welcomed Wednesday’s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the region’s international exchange. This brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer. DIB’s earlier Sukuk listings include a $1 billion listing in 2013, two listings of $750 ...

  Reuters Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt’s bourse continued to pull back on profit-taking, breaking technical support. The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the most heavily traded stock, climbed 2.5 percent. Utility Saudi Electric rose 2.7 percent. Saudi Arabian Fertilizer Co ...

  Bloomberg More evidence that inflation has taken hold in the US economy spurred bets that the Federal Reserve is clear to raise interest rates as soon as March, fueling a selloff in Treasuries and lifting the dollar. Stocks rose to records as oil reversed losses. The 10-year Treasury yield topped 2.50 percent, while the dollar strengthened against major peers ...