Samsung has confirmed that overheating batteries in its Galaxy Note 7 smartphones caused them to catch fire. In September last year, the tech giant recalled more than 2.5 million devices because of the defective lithium batteries. They have confirmed that neither software or hardware other than the batteries were to blame, and that the batteries were either made the wrong size for the phone, or had other production flaws. The recall is thought to have cost the South Korean firm AED15 billion.
UAE national becomes first Emirati selected for senior IMF role
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
H.H. Sheikh Hamdan witnesses launch of Dubai's Global Future Opportunities centre
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has witnessed the signing of an agreement to establish the Centre for Global Future Opportunities in Dubai during the Annual Meeting of Global Future Leaders.
Emaar sustains collection rate at 98 per cent during regional tension
Founder and Managing Director of Emaar Properties, Mohamed Alabbar revealed that Emaar has sustained its collection rate of 98 per cent, with its sales backlog standing at around AED 180 billion.
Sheikh Abdullah and India’s Jaishankar discuss strengthening ties
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has met India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, in Abu Dhabi.
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