INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

China denies ban on use of iPhone in government agencies

Customers buy newly-launched iPhone 13 mobile phones at an Apple store in Hangzhou, China. AFP
  • Foreign ministry spokesperson said that China has not issued any laws, regulations, prohibiting the purchase and use of foreign brand smartphones, including iPhone
  • In the wake of reports about significant Chinese restrictions on iPhones at government offices and state-backed entities, Apple shares tanked sharply last week

Beijing, China–China on Wednesday denied there was any ban on officials purchasing or using foreign phones, including iPhones, after reports said Beijing was prohibiting civil servants from using Apple handsets.

“China has not issued any laws, regulations, and policy documents prohibiting the purchase and use of foreign brand smartphones, including iPhone,” foreign ministry spokesperson Mao Ning told a regular briefing.

“We always have an open attitude towards foreign-funded enterprises,” she added.

Apple shares fell sharply last week following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.

The Wall Street Journal first reported that China had barred the use of Apple smartphones in central government agencies.

That was followed by a Bloomberg News story that China planned to expand the ban to government-backed agencies and state companies, broadening the effect of the policy in a centrally planned economy.

Mao said Wednesday, however, that China “treats both domestic and foreign-funded enterprises in the same way and on an equal footing”.

“The Chinese government attaches a great importance to information and cybersecurity,” she added.