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

Bloomberg Apple Inc. has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung Electronics Co. and others, though it’s planning only minor changes for this year’s iPhone line. The Cupertino, California-based company has developed prototype foldable screens for internal testing, but hasn’t solidified plans to actually launch a foldable iPhone. The ...

Bloomberg Facebook Inc.’s planned smart glasses will arrive “sooner than later” in 2021, but won’t feature the kind of digital overlay technology that is associated with augmented reality, according to hardware chief Andrew Bosworth. The glasses, which are being built in partnership with Ray-Ban and parent Luxottica Group, will connect to a device — though users won’t be able to ...

Bloomberg BlackBerry Ltd. said it’s settled a dispute with Facebook Inc. over patent royalties for terms that weren’t disclosed. “We have resolved our disputes pursuant to a confidential agreement and have no further comment,” BlackBerry spokeswoman Karen Clyne said in an email. BlackBerry sued Facebook in 2018, claiming the social media giant was using BlackBerry inventions in its popular messaging ...

ABU DHABI / WAM The UAE stressed that it is looking forward to the de-escalation of the conflict between Sudan and Ethiopia, noting its concern for the situation in the Al Fasha border area. The UAE also highlighted the key role of both countries in ensuring the stability and prosperity of Africa and the entire region. In its statement, the ...

BAHRAIN / WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced on Wednesday that its portfolio company, Calligo Holdings Limited, an end-to-end managed data services provider, has acquired Network Integrity Services (NIS). Network Integrity Services is a UK-based IT managed services and technology-led solutions provider with locations in Manchester, Birmingham, Leicester and Hemel ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that Foodco National Foodstuff has listed its shares on the exchange’s Second Market under the trading symbol FNF. It is the first company to be listed on ADX this year. Foodco, which imports and distributes food and consumer staples and provides logistics services, listed 280 million shares with a ...

Abu Dhabi / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), stated that the UAE is continuing to achieve sustainable development and ensure the positive transformation of energy sector, locally, regionally and globally. “This is reflected by the numerous local and regional achievements accomplished by the UAE, which is the first Arab country to operate a peaceful nuclear ...

Bloomberg Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude to a 10-month high. Demand could get a boost of at least 1 million barrels a day, Goldman Sachs Group Inc said, as frigid temperatures in Asia and Europe sent other energy markets soaring. In Japan, power generators have ...

SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI), represented by Mohammad Ahmed Amin Al Awadi, SCCI Director-General, received a delegation from Malaysia External Trade Development Corporation (MATRADE), headed by Omar Mohammed Saleh, MATRADE Trade Commissioner. The meeting dealt with topics of common interest and means of developing exports, trade, and investment exchange between Sharjah and Malaysia. “This ...

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been awarded the Diamond status in the inaugural ‘APEX Health Safety, powered by SimpliFlying’ audit, for their efforts in ensuring the highest standards of cleanliness and sanitisation. The award aims to help re-build confidence in air travel by creating a global standard for health and safety measures. ...