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.
UAE and Benin exchange CEPA in Abu Dhabi
The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement on Sunday aimed at significantly expanding trade and investment between the two countries.
Dubai Customs refund applications rise to AED 6.9 billion in first half of 2026
Dubai Customs processed 1.36 million applications for customs deposit refunds in the first half of 2026, up 3.6 per cent from the same period last year.
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
ADNOC announced on Sunday more than AED 60 billion in local manufacturing opportunities through to 2030, alongside changes to its procurement and supplier systems.
Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
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