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EU Hands Qualcomm $271 Million Fine

The European Commission has imposed a fine of €242 million (around $271 million) on U.S. chipmaker Qualcomm for behavior it termed "predatory pricing". The EU is alleging Qualcomm at some time abused its market dominance in 3G baseband chipsets by selling them at below production cost with an aim to force competitor Icera out of the market. Such activity is illegal under EU antitrust law.

The EU alleges Qualcomm abused its market dominance between mid-2009 and mid-2011 by selling certain 3G baseband chipsets below production cost to Huawei and ZTE, claiming this was done with an aim of eliminating Icera, Qualcomm's main rival in the 3G baseband market as at that time. An investigation into Qualcomm was first launched by the European Commission in 2015.


The European Commission opened a formal investigation on the 16th of July 2015 and sent out a Statement of Objections [a document stating preliminary concerns of its investigation] on 8 December 2015. Another Statement of…

Uber resumes service in Abu Dhabi after 2 year halt

Uber

After a more than 2 year suspension of ride-hailing services Careem and Uber in the city of Abu Dhabi, The latter has resumed its service in the region as per a statement announcing its relaunch in collaboration with the Abu Dhabi Department of Transport.

Emiratis will now be able to drive on the Uber app using their private vehicles on a full-time or part-time basis. "Abu Dhabi is a significant market for Uber and we’re delighted to serve as catalysts for economic growth, and for Emiratis to be able to drive on the Uber app using their private vehicles."  Uber Middle East Regional Manager Anthony Khoury said.

Uber

"With the re-launch of our services in the Emirate, and the launch of Uber Eats there earlier this year, we can cater to local demand and remain committed to our goal of providing efficient and innovative solution to the communities we operate in" added Khoury.

This marks the resumption of Uber in an additional Middle East region for drivers and riders alike. It currently operates in 36 other cities in the region including Cairo, Jeddah, Riyadh, Al Madinah, Islamabad, Beirut and others.





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