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The expansion will involve additional lines, new machineries, equipment and new laboratory for Research and Development Major expansion plan set to triple manufacturer’s production capacity in 2017 years November 13, 2016 Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation ‘Gulf-O-flex’ in the Gulf and South East Asia and part of the international business conglomerate, the Shaikhani Group of Companies, announced that it is […]

Top retailer Best Buy has announced its Black Friday deals for 2016, and they include discounts on some of today’s hottest technology items, including PS4 and Xbox One bundles, a $199 49″ Toshiba 4K HDTV and more. The retailer has also announced its official store hours for Black Friday, including those for Thanksgiving Day and the weekend following Black Friday. Most of the nation’s largest retailers, have […]

Apple will be celebrating the 10th anniversary of iPhones in 2017. The company is said to skip the iPhone 7s name and call its anniversary model iPhone 8. The rumor mill of the next iPhone has already started and undoubtedly it will be an upgraded version of the current-gen iPhone 7. Here is a comparison of Apple’s current and upcoming flagship smartphone. Design Rumors claim that Apple […]

The model numbers for Samsung’s upcoming Galaxy S8 series and Galaxy Note 8 have leaked. According to a reliable source, the SM-G950 and SM-G955 will make up the Galaxy S8 series, while SM-N950 has been reserved for the Galaxy Note 8. Samsung and wireless carriers who sold the Galaxy Note 7 have been urging Note 7 owners to exchange the defective smartphone, but as we saw in […]

The next flagship phone from Samsung, the Galaxy S8, is expected to arrive early next year with a major new feature: a built-in intelligent digital assistant. The artificial intelligence will be made possible by Samsung’s acquisition of Viv Labs, which was announced last month. Founded by two of the creators of Siri, Apple’s signature digital assistant, Viv Labs said its technology represents a “new paradigm” for how […]

  MUMBAI Samsung Electronics Co (005930.KS) on Friday offered alternative phones to its India customers who had pre-ordered its flagship Galaxy Note 7 devices, in a bid to appease loyal clients in one of its largest smartphone markets.   The world’s largest phone maker has been hit by an avalanche of negative publicity, after being forced to recall millions of the fire-prone Note 7 devices and later […]

|By Arabian Post Staff| GE marked a new milestone in its operational presence in Kuwait with the opening of the GE Kuwait Technology Center (GEKTC), a flagship facility that will foster localized research, provide hands-on training and build an innovation ecosystem specifically for the power sector. Approved by the Kuwait Direct Investment Promotion Authority (KDIPA) for a Foreign Investment License last year, the 6,000 sq meter GEKTC, […]

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By Mai Nguyen and My Pham | HANOI HANOI Samsung Vietnam will maintain its current staff numbers and its exports target this year, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less […]

By Se Young Lee | SEOUL SEOUL Samsung Electronics Co slashed its quarterly profit estimate by a third on Wednesday, soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failures in tech history. Quantifying the financial pain of Tuesday’s move to scrap the Galaxy Note 7 smartphone after a global recall and weeks of mounting […]

By Julia Love and Deborah M. Todd Samsung Electronics’s abandonment of the Galaxy Note 7 due to safety concerns will likely touch off a turf war among Android smartphone makers, analysts said, presenting them a rare opportunity to gain share but with less room for archrival Apple Inc. Consumers tend to commit to their choice between Apple’s iOS operating system for smartphones and Google’s Android, leaving Samsung’s […]

By Se Young Lee | SEOUL SEOUL Samsung Electronics’ (005930.KS) worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model. Samsung announced the recall of 2.5 million Note 7s in early September following numerous reports of the phones catching fire and on […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Apple Inc’s (AAPL.O) stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd (005930.KS) suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity to explode […]

6-7 February 2017 Advanced Conferences & Meetings (ACM) is launching Future Landscape & Public Realm UAE conference in its third successful edition, on 6-7 February 2017 in Abu Dhabi. This focused conference will once again provide a unique platform for business professionals to discuss the latest challenges and opportunities covering the landscape and public realm industry in Abu Dhabi and the wider UAE, bringing together a broad […]

  BEIJING Samsung Electronics Co Ltd, the world’s biggest smartphone maker, said on Thursday more than 1 million people globally are now using Galaxy Note 7 smartphones with batteries that are not vulnerable to overheating and catching fire.   Samsung on September 2 initiated a voluntary global recall of at least 2.5 million Note 7 smartphones due to faulty batteries causing some of the flagship devices to […]

By Adam Jourdan and Tom Westbrook | SHANGHAI/SYDNEY SHANGHAI/SYDNEY Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked by applauding sales staff. But underneath the usual fanfare, the crowds of enthusiasts and overnight campers were smaller than in past years. Some customers complained after the […]

By Ankur Banerjee Samsung Electronics Co Ltd (005930.KS) formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it […]

  By Se Young Lee | SEOUL   SEOUL Samsung Electronics Co Ltd’s shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries.   Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalisation as of 0303 GMT, as […]

  By Se Young Lee and Jeffrey Dastin | SEOUL/NEW YORK   SEOUL/NEW YORK A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights.   Following reports that the phones’ batteries have combusted during charging and normal use, the U.S. Consumer Product Safety Commission […]

By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd (005930.KS) will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm’s mobile business. Koh Dong-jin, head of the South Korean company’s smartphone business, spoke at a news conference jam-packed with reporters and cameras […]

By Julia Love | SAN FRANCISCO SAN FRANCISCO Alphabet Inc’s (GOOGL.O) Google has suspended Project Ara, its ambitious effort to build what is known as a modular smartphone with interchangeable components, as part of a broader push to streamline the company’s hardware efforts, two people with knowledge of the matter said. The move marks an about-face for the tech company, which announced a host of partners for […]

Beginning “as early as next year,” Samsung may start selling refurbished smartphones directly to consumers. The new resale program is aimed at strengthening Samsung’s earnings as global phone sales slow down, according to report today citing “a person with direct knowledge of the matter.” Offering lower-cost refurbished phones could also help Samsung better compete against Chinese manufacturers whose cheap devices have cut into its sales, especially in […]

|By Arabian Post Staff| Fitch Ratings has upgraded DP World Limited’s  Long-Term Issuer Default Rating (IDR) to BBB from BBB- and its Short-Term IDR to F2 from F3. The rating outlook is stable. The upgrade follows the Fitch announcement in November 2015 revising DP World’s outlook to Positive from Stable. It reflects the global trade enabler’s strong performance and stable cash flow generation supported by its geographical […]

While Salesforce didn’t shout from the rooftops about its recent decision to acquire the “living document” platform provider Quip, it clearly sees big potential in integrating Quip’s offerings into its own. Quip, a four-year-old San Francisco-based tech firm with just about 40 employees, is on track to become a wholly owned subsidiary of Salesforce, which is paying an estimated $750 million for the company. Since news of […]

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 28, 2016. Reuters/Kim Hong-Ji/Files SEOUL Samsung Electronics Co Ltd on Wednesday unveiled a new Galaxy Note smartphone with a curved screen and iris-recognition technology, seeking to build on the sales momentum that has helped it roar back to surging profit growth. Samsung, the world’s top smartphone maker, saw its January-June mobile profit […]

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