Samsung profit jumps 59% on strong smartphone sales

Seoul: Samsung Electronics Co Ltd reported a 59 per cent rise in quarterly operating profit on Thursday as US restrictions on China’s Huawei Technologies Co Ltd boosted the South Korean tech giant’s phone and chip sales. Operating profit rose to 12.35 trillion won (Dh40 billion) for the quarter ended September from 7.78 trillion won a year earlier, […]

Abu Dhabi’s new FDI license gives 100% ownership to investors

Abu Dhabi: Abu Dhabi Department of Economic Development has launched a new foreign direct investment (FDI) license that gives investors 100 per cent ownership. The license includes 122 main activities, which covers 1586 sub-activities that are available for licensing in the sectors of agriculture, industry and services. It is available for businesses with capital worth […]

Sanofi, GSK to make available 200 million doses of the experimental COVID vaccine to COVAX

Sanofi and GlaxoSmithKline Plc said they’ve agreed to make available 200 million doses of the experimental COVID vaccine they’re jointly developing to Covax, a global effort to provide shots for developing nations. The drugmakers signed the supply arrangement with Gavi, the Vaccine Alliance, according to a statement. Gavi is among the groups working with the […]