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

DUBAI / WAM Sarah bin Yousef Al Amiri, Minister of State for Advanced Sciences, said that the UAE considers scientific and technological advancement as a key driver for future development. The foundations have been established for research-driven institutions to spur a nation-wide technological revolution, she added. An accomplished young engineer herself, Al Amiri praised the leadership of the UAE for ...

Abu Dhabi / WAM Abu Dhabi University (ADU), hosted a delegation from the Emirates Islamic bank to discuss opportunities to support ADU’s students financially in obtaining their university degrees. The visit aligns with ADU’s vision of empowering young people to shape the future through providing them with all relevant support. Salem Mubarak Aldhaheri, Executive Director of Community Relations at ADU, ...

Dhaka / Emirates Business Dozens of Saudi German Hospital’s (SGH) doctors volunteered for humanitarian missions of the Zayed Giving Convoys in their current stop in order to alleviate the suffering of Rohingya refugees in Cox’s Bazar, Bangladesh through providing the best diagnostic, therapeutic and preventive services. Dr Reem Othman, SGH’s CEO and humanitarian ambassador, stressed that the volunteers presented a ...

Bloomberg President Donald Trump has signed a tax overhaul and companies are rejoicing. But the most immediate effect of the new law could be a one-time accounting headache. Hours after the bill signing, announcements started to roll in from some of the world’s biggest companies— with some spectacular numbers. While the bill benefits most companies through a lower rate, it ...

Bloomberg Roche Holding AG agreed to acquire US biotech Ignyta Inc. for $1.7 billion, following Bayer AG in buying into a class of experimental cancer drugs that home in on a specific mutation across many types of tumors. Ignyta investors will get $27 a share in cash, the companies said in a statement. Both companies’ boards agreed to the deal. ...

Bloomberg Daimler AG bought a majority stake in French private-hire limousine operator Chauffeur Prive, accelerating the luxury-car maker’s expansion into ride-hailing turf occupied by firms such as Uber Technologies Inc. The German maker of Mercedes and Smart automobiles plans to acquire full control of Chauffeur Prive in 2019 once it gets regulatory clearances, Stuttgart-based Daimler said. The parties wouldn’t disclose ...

Bloomberg Ever wondered how much time millennials spend staring at a screen? UK statisticians have come up with some answers. Young people spent more than a third of their leisure time, 14 hours per week, using devices such as mobile phones, tablets, e-readers and laptops in 2015, the Office for National Statistics said. The figure for men aged 25 and ...

Bloomberg All over Europe, companies are wishing their workers a happy holiday and looking forward to a productive New Year when they return to work in 2018. In Brexit Britain, there’s a catch. Businesses that rely on EU countries for labour are concerned that employees will return to their families in continental Europe for Christmas—and stay there. The pound’s decline ...

Bloomberg Apple Inc.’s iPhone and iPad introduced a novel way of interacting with computers: via easy-to-use applications, accessible in the highly curated App Store. The same approach hasn’t worked nearly as well on Apple’s desktops and laptops. The Mac App Store is a ghost town of limited selection and rarely updated programmes. Now Apple plans to change that by giving ...

Bloomberg Apple Inc. is developing an advanced heart-monitoring feature for future versions of its smartwatch, part of a broader push by the company to turn what was once a luxury fashion accessory into a serious medical device, according to people familiar with the plan. A version being tested requires users to squeeze the frame of the Apple Watch with two ...