Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

Dubai: Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, has signed an agreement with International Free Zone Authority (IFZA). Under this agreement, new and existing IFZA companies can work from DSO, boosting the flexibility of doing business in the UAE. This agreement provides entrepreneurs […]

AstraZeneca, J&J vaccine trials back on track in US

Washington: Two major clinical trials for experimental Covid-19 vaccines got back on track in the United States Friday – providing a glimmer of hope as the number of cases skyrocket across the country. Covid-19 has now killed more than 223,000 Americans, and the health crisis is a top issue in the presidential election pitting incumbent […]

Electric carmaker Tesla to recall nearly 30,000 units shipped to China over suspension defects

Shanghai: Tesla Inc. is recalling about 30,000 imported Model S and Model X vehicles in China because of suspension problems, a setback for the US electric-car maker just as it faces intensifying competition in the world’s largest auto market. The company is recalling vehicles made between September 17, 2013, and January 15, 2018, according to a statement […]

Huawei’s Mate 40 smartphone launch sets a market in more ways than one

Shanghai: Huawei Technologies Co. introduced the Mate 40 smartphone series, potentially its last major release powered by its self-designed Kirin chips. China’s biggest tech company by sales has been stockpiling chips to get its signature device out in time to compete with Apple Inc.’s iPhone 12 over the holidays. Huawei will have to overhaul its […]

Etisalat reports six per cent increase in profit to Dh2.4 billion in third quarter

Abu Dhabi: Etisalat Group announced a net profit of Dh2.4 billion during the third quarter of this year, representing a healthy six per cent increase compared to last year. Consolidated revenue for the telecommunications company reached Dh13 billion, with the group’s EBITDA (earnings before interest, taxes, depreciation and amortisation) at Dh6.9 billion, up 2 per […]