Samsung has confirmed that overheating batteries in its Galaxy Note 7 smartphones caused them to catch fire. In September last year, the tech giant recalled more than 2.5 million devices because of the defective lithium batteries. They have confirmed that neither software or hardware other than the batteries were to blame, and that the batteries were either made the wrong size for the phone, or had other production flaws. The recall is thought to have cost the South Korean firm AED15 billion.
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict
A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social media company's stock price after agreeing to a $44 billion takeover.
OPEC+ approves further output increase as Hormuz exports start to recover
OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.
UAE thwarts advanced cyberattacks targeting financial sector
The UAE Government's Cyber Security Council (CSC) said on Friday it has successfully countered a series of advanced cyberattacks targeting the country's financial sector.
Emirati Supplier Programme awards AED1.78 billion in contracts to SMEs
The Emirati Supplier Programme awarded AED1.78 billion in contracts to Emirati small and medium-sized enterprises in 2025, marking a 38 per cent increase compared to the previous year, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said on Friday.
