Huawei calls for common cybersecurity standards amidst concerns

BRUSSELS: Huawei, in the spotlight over the security risks of its telecom equipment gear, urged governments, the telecoms industry and regulators on Tuesday to work together to create a common set of cybersecurity standards. The call by Huawei Chairman Ken Hu came as the world’s largest telecoms equipment maker opened a cyber security centre in […]

De Beers sales sputter again as cheap diamonds remain unloved

De Beers is having the worst start to a year since at least 2016, in the latest sign of difficulties plaguing the global diamond industry. De Beers sold just $990 million (Dh3.6 billion) of diamonds in its January and February sales, known as sights. That’s the lowest since the Anglo American Plc unit started publishing […]

Price discounting hurts margins of UAE private sector

Dubai: A decline in selling prices across the UAE private sector impacted the margins of companies in February, despite input price inflation inching up marginally, according to the latest Emirates NBD UAE Purchasing Managers’ Index (PMI). The PMI reading for the UAE fell from 56.3 in January to 53.4 in February — its lowest since […]