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.
Dubai Customs measures provide more than AED79 million for private sector
Measures and economic packages introduced by Dubai Customs have provided more than AED79 million in liquidity to the 428 companies in the private sector.
UAE's non-oil foreign trade approaches AED 2 trillion mark in six months
The UAE's non-oil foreign trade has reached a "historic" record of AED 1.937 trillion during the first half of 2026, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Sunday.
IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
Apple unseats Nvidia to become world's most valuable company
Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.
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