Samsung appoints a new chief for its smartphone business

South Korea: Samsung Electronics Co. has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business. Roh, who was formerly the unit’s No. 2 executive, will take over the top job from Koh Dong-Jin, Samsung announced Monday. Koh remains head of the Korean […]

ADIO announce Dh60 million of investments in start ups

Abu Dhabi: The Abu Dhabi Investment Office (ADIO) on Wednesday announced investments totalling Dh60 million for start-ups and fund managers applying to its ventures fund. The ventures fund was opened in May 2019 as part of Abu Dhabi Governmnet’s Ghadan 21 accelerator programme, with an aim of supporting start-ups in the emirate and strengthening the […]

New finance chief says Lebanon to decide on March bond next week

Beirut: Lebanon’s incoming Finance Minister Gazi Wazni said the fate of debt maturing in March will be the new government’s top priority when it meets next week, as investor concerns intensify that the country could default on its next payment. “Next week, the government will meet and decide on this,” Wazni said Wednesday in his […]

Trump relaunches trade battle with Europe

DAVOS: US President Donald Trump relaunched a major trade offensive against Europe on Wednesday, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delayed trade deal. “The European Union is tougher to deal with than anybody. They’ve taken advantage of our country for many years.” Trump told Fox Business […]

Canada court adjourns Huawei executive’s extradition battle

Vancouver: The Canadian court tussle over the arrest of a Huawei telecoms executive was put in limbo Thursday when a judge adjourned the case that pits the United States against China. Washington is seeking extradition of Huawei chief financial officer Meng Wanzhou, who was arrested in December 2018 during a flight stopover in Vancouver.  Huawei […]

Dubai launches World Logistics Passport at Davos

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday tweeted that the UAE had launched a global logistics passport at the World Economic Forum in Davos, Switzerland. “A year ago, we launched the ‘Dubai Silk Road’ as part of the 50–year Charter. Today […]