Business News

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There’s been a 6 per cent growth in the assets of Islamic banks operating in the UAE, which amounted to AED 535 billion by the end of October. According to stats from the Central Bank, they currently account for over 20 per cent of total banking assets in the country (valued at around AED 2.6 […]

Tech giant Google is facing a legal challenge for allegedly obtaining personal information of millions of people illegally. It’s thought more than 5 million people in the UK could have been affected between June 2011 and February 2012 through their iPhones, and could be eligible for £100s in compensation. The ‘Google You Owe Us’ group claims the […]

Apple has released a security update to fix a major security hole in its Mac operating system. The bug allowed people to log in to Mac computers and gain administrator-level access, without knowing the password. Technology Correspondent Rachel Silverman reports

Dubai World Trade Centre (DWTC) is making significant contributions to the emirate’s economic diversification programme, in addition to generating thousands of job opportunities. In a statement to national news agency WAM, the DWTC’s Vice-President highlighted the venue’s impact on various sectors, including hotels, airports, malls and telecommunications. Mahir Abdulkarim Julfar said more than 51,000 exhibitors […]

The cryptocurrency Bitcoin soared past $11,000 US dollars Wednesday, less than a day after topping the 10,000-dollar mark. The surge has been attributed to the holiday season and the launch of the world’s largest bitcoin exchange bitFlyer, in the US. Correspondent Liling Tan reports from New York

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