UAE TRA issues WhatsApp security alert after hacking report: Update application right away

Dubai: The UAE Telecommunications Regulatory Authority (TRA) urged residents late Tuesday to update their WhatsApp right away as a precaution following reports that some phones may have been hacked. The notice was issued after the Facebook-owned firm admitted that a security flaw in its messaging tool has enabled cyber attackers to infiltrate some devices, including […]

DMCC forms alliance with China Gems and Jade Exchange

Dubai: The Dubai Multi Commodities Centre (DMCC) announced today that it has signed a Memorandum of Understanding (MoU) with the China Gems and Jade Exchange (CGJE), creating a strategic alliance with China’s official trading platform for gemstones and jade. Feryal Ahmadi, DMCC chief operating officer, and Yuk Chan, co-founder and executive vice-president of the CGJE, […]

UK lawmakers square up to regulator over duty of care for banks

LONDON: A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds ($39.03 billion) since 2007 in […]