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Bloomberg Robert Bosch GmbH has won orders from Apple Inc. to supply the next iPhone with some of its motion sensors, according to a person familiar with the deal, a potential blow to InvenSense Inc., currently the main supplier of those smartphone components. The change — hinted at by InvenSense’s finance chief in August — comes as the San Jose, ...
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May, 2017
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5 May
38 listed UAE firms post AED12.7bn gains in Q1
ABU DHABI / WAM The net profits booked by 38 UAE companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) amounted to AED 12.7 billion during Q1 2017, a growth of 6.7 percent from AED11.9 billion for the same period last year. The gains were termed as ‘‘fair’’ by market analysts who have viewed them ...
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5 May
‘UAE initiatives encourage youth to play a part in nation’s progress’
Riyadh / Emirates Business “The UAE’s initiatives encourage young people to play a part in their country’s development and the progress of the entire region,†noted Her Excellency Noura bint Mohammed Al Kaabi, UAE Minister of State for Federal National Council Affairs, as she addressed the UNESCO NGO Forum in Riyadh, Saudi Arabia. Taking part in a panel ...
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5 May
Safe business environment tops UAE economic priorities
RIYADH / WAM Protection of consumer rights and ensuring a safe and secure business environment come on top of UAE’s economic priorities where specific legal provisions have been introduced and legal entities assigned to ensure consumer confidence, a UAE Ministry of Economy official has stated. “Providing a consumer-friendly environment is a significant economic enabler which reflects positively on the ...
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5 May
Damac Properties marks listing of $500mn Sukuk
DUBAI / WAM Hussain Sajwani, Chairman of Damac Properties, rang the market opening bell to celebrate the listing of $500 million Sukuk, issued by Damac Real Estate Development Limited (DRED) on Nasdaq Dubai. DRED is a wholly owned subsidiary of Damac Properties PJSC. The listing on the region’s international exchange supports Damac Properties’ capital-raising initiative as it pursues its property ...
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5 May
Yas Marina, ADEC promote innovation in education
Abu Dhabi / Emirates Business Yas Marina Circuit’s F1 in SchoolsTM learning programme featured prominently at BETT Middle East Conference, under the patronage of Abu Dhabi Education Council. BETT is global meeting place for education technology sector, embracing innovative solutions in order to improve the way students learn. The event at Dusit Thani Abu Dhabi brought together region’s education ...
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5 May
‘UAE building a better tomorrow; Dubai the city of the future’
Dubai / WAM The magazine, Popular Science, one of the world’s oldest science and technology journals, published an article in its May-June 2017 issue highlighting the UAE’s thriving future industry. Underlining Dubai’s pioneering role in developing sustainable energy sources and tapping into other vital resources, the article lauds the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...
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5 May
Sharjah enters Guinness Book of World Records
Sharjah /Â WAM The Emirate of Sharjah broke a record in the Guinness Book of World Records by pouring the largest quantity of concrete in the world at a commercial centre, reaching 20,246 cubic metres, poured within 62 hours. The previous record was registered last year at the quantity of 19,793 cubic metres. This was announced by Thabit Salem Al ...
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5 May
ADGM publishes consultation paper for public feedback
Abu Dhabi /Â WAM The Registration Authority, RA, of Abu Dhabi Global Market (ADGM), published a new public consultation paper inviting public feedback and comments on a series of amendments to the Data Protection Regulations 2015. The proposed amendments include updates and further clarity on items such as defined terms, the mechanism of designation of jurisdictions with adequate level of ...
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5 May
Etisalat launches ‘Smiles’ programme
Abu Dhabi / Emirates Business Etisalat on Thursday announced its new customer engagement program called ‘Smiles’ giving all subscribers with a wide range of deals and rewards every day. The Smiles programme offers deals and rewards on Etisalat services as well as cinema, shopping, dining, wellness, and travel benefits from hundreds of top brands with thousands of partner outlets ...
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