The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Shanghai / AP Joysticks at their fingertips, the mostly male students packing the classroom lift their virtual helicopters into the air, part of a new cottage industry that’s sprung up in China: drone pilot schools. China is already the world’s biggest drone manufacturer, churning out remote-controlled flying machines that range from 3-D urban mappers to tear-gas spraying models for police. ...

Bloomberg Apple Inc. applied to open its own stores in India, a strategy that may help it better target a fast-growing market just as iPhone sales may be peaking. Apple said it’s filed a request with the Indian government to bring its retail outlets to the world’s second- largest country. Emerging markets will prove crucial to Apple as some analysts ...

San Francisco / AFP US online giant Amazon has reported profits doubled in the past quarter, as it attracted more customers with video and other services, but the results missed Wall Street forecasts. Amazon shares dived more than 13 percent to $551 in after-hours trade on the results, which showed a fourth-quarter profit of $482 million, up from a $214 ...

Moscow / Bloomberg Russians already suffering from surging costs for imported food as the ruble slumps are paying near record prices even for local wheat. Farm-gate prices in southern Russia, the main grower of the grain for export, climbed as high as 11,800 rubles ($150) for a metric ton of fourth-grade milling wheat by January 25, according to Igor Pavensky, ...

Washington / Bloomberg There’s been endless speculation in recent weeks about whether the US, and the whole world for that matter, are about to sink into recession. Underpinning much of the angst is an unprecedented $29 trillion corporate bond binge that has left many companies more indebted than ever.Whether this debt overhang proves to be a catalyst for recession or ...

Creativity and innovation are the buzzwords around which the future economic plans and strategies of the United Arab of Emirates (UAE) revolve around these days. President of the UAE His Highness Sheikh Khalifa bin Zayed Al Nahyan recently announced a detailed plan worth over AED300 billion to become a “knowledge-based economy” and end the dependence on oil for sustainable growth of ...

A more productive and sustainable world is a world with a higher standard of living and quality of life for everyone. At Rockwell Automation, resources are squarely focused on turning this aspiration into a reality. Through the power of industrial automation technology, it develops innovative solutions that help customers achieve smart, safe, sustainable operations in a wide range of industries ...

What was the perspective of 2015 edition of Rockwell Automation? Very large number of products, approximately 55 new products and over 1500 SKU’s (Stock Keeping Units) were showcased. Now we are focusing on architecture rather than on individual products e.g. ethernet architecture, gigabit ethernet support on I/O (input/output module), in-to-in internet security, integrated software tools that are focused on delivering ...

ArabPlast, the world’s leading plastics and petrochemical show, is all set to provide latest updates to petrochemical industry and is anticipating the largest participation in its history, with expectations of display of high end machineries from Asia and Europe. According to the United Arab Emirates Petrochemicals Report Q1 2016, published by Business Monitor International (BMI), the UAE petrochemicals industry will ...

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, was honoured with four awards at CPI Financial’s Islamic Business & Finance Awards Ceremony including: Best Retail Bank – UAE; Best Commercial Bank – UAE; Best Wealth Management – ME; and Banker of the Year 2015 for CEO, Jamal Bin Ghalaita. The awards recognise the phenomenal growth and ...