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Trump tweets 'Iran made a very big mistake!' after alleged shoot down of spy drone

Trump tweets 'Iran made a very big mistake!' after alleged shoot down of spy drone

Washington: President Donald Trump said Thursday that Tehran had made a "very big" error, after Iran shot down a US spy drone near the strategic Strait of Hormuz. "Iran made a very big mistake!" he tweeted. Iran's Islamic Revolutionary Guard Corps earlier said it had brought down the surveillance drone after it entered its country's airspace. The Pentagon said the...

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Huawei sale of smartphones, wearables, tablets and PCs increase by 81 per cent in 2019

Huawei sale of smartphones, wearables, tablets and PCs increase by 81 per cent in 2019

Huawei Consumer Business Group announced on Thursday that in 2019 its sale of smartphones, wearables, tablets and PCs increased by 81 per cent from January 1 to May 31 - year-on-year growth - in the UAE. The company attributes its strong performance in the UAE market to the continuous support by local retail and telecom partners and consumer demand for its innovative products. In...

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India makes a move on 5G with auctions

India makes a move on 5G with auctions

New Delhi After racking up $59 billion of net debt to survive a brutal war in the world’s second-biggest phone-services market, some of India’s billionaires are bracing for more as their next battle looms: 5G. India seeks to raise $84 billion this year from a sale of airwaves — most of it for the new technology tipped to revolutionise connectivity....

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Etisalat’s 5G journey gathers speed

Etisalat’s 5G journey gathers speed

Abu Dhabi: Etisalat will have up to 1,000 5G-enabled “stations” operational before the year-end, part of the Dh4 billion allocation the telco is making to update its networks in the UAE for the 5G rollout. “The 5G technology is not a complement to the 4G but a scientific revolution, which will provide extraordinary speed, save costs and create new jobs,”...

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India may raise income tax threshold in budget to revive economy

India may raise income tax threshold in budget to revive economy

India is considering increasing the personal income tax threshold in next month's budget, according to people familiar with the matter, as authorities seek to kickstart consumption in the economy. Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to 300,000 rupees (Dh15,832) of their annual income, up from the current 250,000 rupees, the people said, asking...

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Gold surges to a five-year high

Gold surges to a five-year high

Dubai: UAE gold shoppers could be in for a jolt when jewellery shops open for business today, with the dubai Gold Rate for 22-carat likely to be around Dh2-Dh2.5 a gram higher than Wednesday’s closing rate of Dh152.75 a gram. Further rises will further dampen gold and jewellery demand in the UAE. The spike in local rates will track the...

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