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Japan’s central bank lifts rates to highest level in three decades

Japan’s core consumer prices have remained at or above the central bank’s 2 per cent inflation target for more than three and a half years, underscoring the persistence of inflationary pressures

Gulf Business
Gulf Business

21 December, 2025

Japan’s central bank lifts rates to highest level in three decades
Image: Getty Images

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The Bank of Japan (BOJ) on Friday raised its key policy interest rate to around 0.75 per cent, marking a 30-year high, as it moves to rein in persistent inflation pressures fuelled by a weak yen, according to Kyodo News.

The increase, up from approximately 0.50 percent, represents the central bank’s first rate hike since January and comes amid expectations that strong wage growth momentum will continue into next year. The decision also marks the first policy rate adjustment under the government of Prime Minister Sanae Takaichi.

All nine members of the BOJ’s Policy Board voted unanimously in favour of the rate increase at the conclusion of the bank’s two-day policy meeting.

In its post-meeting statement, the BOJ said the likelihood of achieving its baseline inflation outlook has been rising, a key condition for further policy tightening.

Japan’s core consumer prices have remained at or above the central bank’s 2 per cent inflation target for more than three and a half years, underscoring the persistence of inflationary pressures.

The BOJ said it judged it “appropriate” to adjust the degree of monetary accommodation to meet its inflation objective, adding that it will continue to raise its policy rate depending on economic and price developments, noting that monetary conditions remain accommodative despite the latest increase.

How Sharjah dealt with adverse weather: Inside the emirate’s rapid response

The response underscored the emirate’s operational effectiveness of its public safety infrastructure during challenging weather conditions

Nida Sohail
Nida Sohail

20 December, 2025

How Sharjah dealt with adverse weather: Inside the emirate’s rapid response
Image credit: WAM/Website

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Sharjah Police confirmed that combined efforts and close cooperation with strategic partners successfully mitigated the impact of the recent weather system affecting the country, with no significant incidents reported.

The coordinated response underscored the emirate’s operational preparedness and the effectiveness of its public safety infrastructure during challenging weather conditions.

Authorities praised the public for their cooperation, alertness, and adherence to official instructions, noting that public compliance played a key role in maintaining safety and ensuring the continuity of movement across the emirate. Emergency and rapid response plans were activated as soon as weather conditions became apparent, allowing authorities to respond efficiently and decisively, a WAM report said.

Read more-UAE weather alert: Rain forces food delivery apps to pause or slow services

Field and operational readiness were enhanced through the deployment of security and traffic patrols across internal and external roads.

These measures ensured smooth traffic flow and enabled rapid response to any emerging incidents. Sharjah Police operation rooms also managed complaints and calls efficiently through the 999 emergency contact centre and the 901 non-emergency line.

During the period, authorities processed 8,145 calls via 999 and 1,239 calls through 901. Officers responded to inquiries and provided assistance around the clock, demonstrating high levels of readiness and professionalism in managing diverse situations. Preventive actions included pre-emptive coordination with relevant agencies and the broadcasting of awareness messages via Sharjah Police social media platforms to educate the public on safety measures during inclement weather.

Sharjah Police confirmed that these preventive and safety measures will continue throughout the rainy season to reinforce the emirate’s overall security and public safety framework.

NCM forecasts continued weather activity across the country

Meanwhile, the National Centre of Meteorology (NCM) forecast partially cloudy to cloudy conditions at times on December 20, with the formation of convective clouds accompanied by rainfall over some areas, particularly the northern and eastern regions. In a statement issued on December 19, NCM said winds will be moderate to fresh, becoming strong at times with cloud activity, causing blowing dust and sand.

Winds are expected to be southeasterly, shifting to northwesterly, with speeds ranging from 15 to 30 km/h and reaching up to 45 km/h at times. Sea conditions in the Arabian Gulf and the Sea of Oman are expected to be rough, with specific high and low tide timings outlined by the authority.

Saudi Arabia bids to host WTO ministerial conference in 2028

Saudi Arabia is regularly a host of financial conferences and has in recent years also made a massive push into sports and entertainment

Reuters
Reuters

20 December, 2025

Saudi Arabia bids to host WTO ministerial conference in 2028
Image: Getty Images

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Saudi Arabia has proposed to host a major meeting of the World Trade Organization in 2028, a WTO document showed.

The request was on the agenda of a WTO meeting being held in Geneva on December 16-17, and 22 countries welcomed the proposal, but a final decision was not yet made, a WTO spokesperson said on Thursday.

Bangladesh, Kuwait, Russia, Cameroon, and Thailand were among the countries that supported the proposal to host the meeting in Riyadh, which would coincide with the 20th anniversary of Saudi Arabia’s accession to the WTO.

Saudi Arabia’s Commerce Minister Majid bin Abdullah al-Qasabi first raised the idea in October.

“Hosting MC15 represents a strategic opportunity to demonstrate our deep commitment to the principles and objectives of the WTO and the Multilateral Trading System,” he said at the time.

Saudi Arabia is regularly a host of financial conferences and has in recent years also made a massive push into sports and entertainment in an effort to boost its international image and will host the 2034 soccer World Cup.

MC14 will be hosted in Yaounde, Cameroon in March 2026, where ministers will discuss potential reforms to the world trade watchdog.

Dubai’s Global Village reopens after weather-related closure

The closure on Thursday was part of broader safety measures affecting several outdoor attractions across the emirates,

Rajiv Pillai
Rajiv Pillai

19 December, 2025

Dubai’s Global Village reopens after weather-related closure
Image credit: Global Village/Website

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Dubai’s flagship outdoor entertainment and cultural destination, Global Village, reopened its doors on Friday afternoon, December 19, after a temporary closure due to heavy rain and unstable weather conditions across the UAE. The decision to reopen follows a 24-hour suspension of operations on Thursday when the venue closed as a precaution amid forecasts of rain, thunderstorms and high winds.

The closure on Thursday was part of broader safety measures affecting several outdoor attractions across the emirates, with authorities urging the public to exercise caution and prioritise safety amid ongoing unstable weather.

Management at Global Village confirmed on X that normal operations resumed on Friday afternoon, welcoming visitors back to its pavilions, international food outlets, live performances and retail offerings, starting 4 pm.

View post on X

The reopening comes as weather conditions eased compared with the previous day’s downpours.

Read: UAE weather: Dubai Police issue alert until Dec 19 mid-day; heavy rains expected

As one of Dubai’s most popular winter-season destinations, the timely reopening of Global Village is significant for operators, exhibitors and related businesses that rely on steady visitor footfall and festive-season spending.

Visitors and stakeholders are encouraged to continue checking updates from official Global Village platforms and local weather advisories to plan their visits and activities accordingly.

Weather update: DXB and DWC return to normal – Dubai Airports

Dubai Airports has advised guests to check their flight status with their airline and plan their route to the airport in advance using real-time traffic updates

Neesha Salian
Neesha Salian

19 December, 2025

Weather update: DXB and DWC return to normal – Dubai Airports
Image: Dubai Airports

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The emirate’s main airports, Dubai International (DXB) and Dubai World Central – Al Maktoum International (DWC), have returned to normal following the adverse weather conditions experienced between December 18 and 19, confirmed a Dubai Airports spokesperson.

Arrivals and departures are operating as planned with only a limited number of connecting flights still being cleared.

Safety remained stable throughout the period.

Dubai Airports maintained safety through a coordinated response

The coordinated response across the oneDXB community ensured welfare remained a priority, with impacted guests supported through hotel accommodation, lounge access and ground transport, the spokesperson said.

Dubai Airports has advised guests to check their flight status with their airline and plan their route to the airport in advance using real-time traffic updates.

Samsung’s Fadi Abu Shamat on what makes the Galaxy Z TriFold so special

The Galaxy Z TriFold, which went on sale in the UAE on December 19, sold out in the UAE within minutes following its launch, reflecting strong demand for Samsung’s most ambitious foldable device to date

Neesha Salian
Neesha Salian

19 December, 2025

Samsung’s Fadi Abu Shamat on what makes the Galaxy Z TriFold so special
Images: Supplied

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Fadi Abu Shamat is sitting in a room with a small group of journalists holding what might be the most ambitious smartphone Samsung has ever made. The Galaxy Z TriFold unfolds not once, but twice, revealing a 10-inch display that makes every other phone suddenly look quaint. At 3.9mm at its thinnest point, breaking what he calls “the four-millimetre barrier for the first time in Samsung’s entire history”, it’s an engineering statement as much as a product launch.

But what’s striking isn’t the specs. It’s what Abu Shamat, head of the Mobile Experience Division at Samsung Gulf Electronics, reveals about how this device came to exist: Samsung manufactured more test units for quality assurance than they’re actually selling to consumers. “No company would incur that much cost,” he admits, “but we decided to go down that route to make ensure that the final product is up to our expectation and, more importantly, our consumers’ expectations.”

And as the conversation unfolds, it becomes clear this launch, unveiled globally on December 2, with the UAE among just five debut markets, is about something bigger than a new form factor. It’s about convincing the world that foldables aren’t a niche experiment anymore. Here are excerpts from the discussion.

The hinge engineering on the Galaxy Z TriFold seems incredibly complex. What made it possible?

In my personal opinion, the hinge is the pinnacle of engineering behind the Galaxy Z TriFold. It’s a dual hinge with custom-tailored design, they’re not identical hinges. Because of the inward folding, each hinge had to be separately designed.

They’re built from titanium elements to ensure rigidity and meet 200,000-plus testing cycles, while maintaining the extra lightweight form we needed. On a 10-inch foldable, the first of this size, we wanted to reduce the crease as much as engineering limits allow. That’s where the special aluminum-supporting back-plating of each titanium hinge comes in. The hinge is a breakthrough.

Additionally, the titanium hinge housing introduces a thin piece of metal that protects the folding mechanism and resists wear over time.

The frame of the device is supported by Advanced Armor Aluminum, a high-strength alloy that adds rigidity without increasing bulk.

Fans will be looking forward to buy this phone. Tell us about its durability.

I’ll take it one step back first. Quality assurance for the Galaxy Z TriFold was literally the utmost priority when R&D was building this form factor.

We’re offering a dedicated premium support line only for Galaxy Z TriFold users. They can call and get assistance for any after-sales support needed.

We have two of our most premium service points — Dubai Mall and Media City — fully equipped with the specialised equipment needed.

The Galaxy Z TriFold requires a dedicated machine to handle the 10-inch screen, so not every branch can service it. But consumers can visit any branch, and staff will transport the device through the right channels to those two main centres.

Let’s address what some will see as a limitation: why no S Pen support?

The rationale was simple: focus on thinness and lightness. This device needs to be practical, an actual daily driver, not a concept piece. For that, we had to cross the four-millimetre barrier for the first time in Samsung’s history. This device at its thinnest point is 3.9 millimetres.

The capacitive layer needed for S Pen support would have increased both weight and thickness. And this is a ‘trifold’, so every millimetre on any side compounds into a much thicker, less elegant device. Samsung’s R&D made a call: the slimness and mobility of the device took the higher priority.

You mentioned this is going to just five markets initially: The UAE, Korea, China, Singapore, and Taiwan. What was the strategy behind this?

The inception of the Galaxy Z TriFold wasn’t the usual commercial-first approach. This device is aimed to deliver two things. One: give our consumers globally a glimpse of what the future holds for the foldable category. We’ve been saying for years that foldables are here to stay —not a niche, not experimental, but a main category Samsung offers. We wanted to show what more this category will hold.

Two: we genuinely wanted to celebrate the end of a great year. 2025 has been absolutely amazing for Samsung, especially on foldables. The Galaxy Z Fold7 has been by far the most successful foldable device in our entire history. We wanted to end the year with a bang.

The five markets were selected carefully based on several criteria. Number one: they had to have already mature foldable markets. All five have consumers already aware of the technology based on previous sales.

Second: they needed global footprint. As I mentioned, this device is meant to celebrate our fans. If any market didn’t have the amplification power to reach the global scene, it doesn’t make sense to choose it.

And last but not least, and I’m sharing this for the first time externally, there was literally internal competition between all the subsidiaries.

You have no idea how eager all Samsung offices globally were to be selected for this launch.

That creates interesting internal dynamics. So is this a limited release, then?

The Galaxy Z TriFold is not going to be a limited edition phone. This is not a one-time device. As a category, it’s part of our overall lineup offering. It’s here to stay.

From these five markets, it’s only going to get bigger. More markets will be introduced as early as January or February next year. This is just the start, test pilot markets where we collect feedback and constantly feed that back to headquarters. That only helps us have more confidence and fine-tune this category.

If there’s really strong demand in these initial markets, will you produce more units?

Yes. We will be.

Who is the Galaxy Z TriFold catering to?

Two target audiences, though technology always surprises us. Number one: C-level executives with high-demanding lifestyles. They’re expected to stay productive 24/7 — in the office, between meetings, on airplanes.

The Galaxy Z TriFold will help make their lives more fun and interesting. They can continue video call meetings while using AI productivity features, summarise calls, email immediately. And when they deserve an hour of entertainment to watch their favorite movie, they can enjoy it on a 16:9 aspect ratio on the device.

The second audience is entrepreneurs and I mean that broadly. SMB founders, pioneers who are hopefully the future C-level executives, and content creators. Nowadays we’re seeing entrepreneurship where the content creator is his own boss, the same person dealing with fans, vendors, producers.

Such a device with the versatility of the trifold form factor allows for more efficient, productive lives and better AI usage. We really see AI shining on this new form factor.

Let’s talk battery technology. Why lithium instead of carbon technology that some competitors are using?

Our R&D still sees that carbon technology isn’t stable enough for longevity purposes. It’s promising, sure, hopefully one day our R&D will stabilise it. But when we release a device at Samsung, we make two simple but extremely challenging promises: seven years of security and software updates, and guaranteed availability of spare parts and repair services.

To deliver that, we need to ensure every single component inside our devices is seven years durable and operational. As far as I know from R&D, carbon technology doesn’t hold that promise of longevity yet. That’s why we haven’t switched.

Samsung Galaxy Z TriFold available in the UAE from December 19 2025
Image: Supplied

But you’ve introduced 45W fast charging for the first time on a foldable. What changed?

The form factor. The 10-inch size allowed us, for the first time, to break above 5,000mAh, this is a 5,600mAh device on a 3.9mm thin form factor. The battery is split between the three sides of the device.

Second, the form factor allows proper cooling of the internals. Even with 3.9mm thinness, we have ample space for our state-of-the-art vapour chamber technology. That ensures even at 45W fast charging, there’s enough cooling so consumers can charge quickly without worrying about overheating.

There’s a question that keeps coming up: the Ultra series development essentially ended the Note series. Could trifold development eventually kill the standard fold?

That’s very interesting. I’d rephrase it this way: the Note series evolved or merged within the S series only to make way for the Z series, for the foldable category. I remember when we took that decision — fans raged because Note had a loyal fan base. But nowadays it makes perfect sense.

There’s a first half dedicated to bar-type devices and a second half dedicated to everything new in foldables. No, I don’t see future cannibalisation where one device offsets the other. The lineup is in perfect balance between first half and second half.

And the S Pen will stay with the S series going forward?

Absolutely. It’s part of what makes the S series special. The versatility, the best camera systems, the S Pen housed inside and best screen technology. I promise you, even going forward, it’s staying. Soon enough we’ll meet to talk about what’s next for the S series.

Give us a glimpse into 2026. What can we expect from Samsung?

I can promise you: 2026 will be one of the most versatile years I’ve seen at Samsung. There are a lot of new categories, new launches. We’re venturing into more domains, and I’m not talking about new devices from existing families. We’re going to see new devices for the first time, new categories, new form factors, different domains.

Whether on optics, acoustics, foldables, it’s going to be very interesting. Plus our usual refreshers year over year. We’re going to be busy. I promise you, very, very busy next year.

OS updates, it is same seven-year commitment as other flagships?

Hundred per cent. Seven years of software and security updates. We’ve adopted a quarterly update cycle. Right now we’re at One UI 8.0. With our upcoming flagship, we move to 8.5, then 9 in the second half, and so on.

As the session wraps, Abu Shamat lingers to demonstrate the hinge mechanism one more time, showing how the dual-titanium structure allows the device to fold with almost no gap between panels. It’s the kind of detail that costs millions in R&D but might go unnoticed by most buyers.

But that’s the point. Samsung isn’t building the TriFold for most buyers, at least not yet. They’re building it for the people who notice those details, who understand what it takes to manufacture more test units than sales units, who appreciate that breaking the four-millimetre barrier required rethinking every component.

Note: The Galaxy Z TriFold went on sale in the UAE on December 19. Samsung has reported that the device has sold out in the UAE within minutes following its launch, reflecting strong demand for Samsung’s most ambitious foldable device to date and the next evolution in the company’s long-term foldables roadmap.

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