Huawei outsells smartphone rivals in China, tightens market grip amid US spat

HONG KONG: China’s Huawei Technologies cemented its dominance of the domestic smartphone market in the second quarter, with shipments and market share rising, as Chinese customers backed the embattled firm amid its trade fight with the United States. Huawei, which was put on a trade blacklist by the United States since mid-May and was virtually […]

ADEC waives 1% fee on refunds of re-export security deposit

Abu Dhabi: The Abu Dhabi Executive Council has issued a resolution to waive the one percent fee collection when refunding the security deposit paid for the value of temporarily imported goods, reducing operating costs for companies in and trading with the UAE. In line with the Government’s strategic plan to strengthen Abu Dhabi’s position as […]