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

DUBAI / Emirates Business UAE companies are taking corporate and employee wellbeing seriously as evidenced by growing investments in workplace wellness initiatives. The growing recognition of the many positive benefits of wellness programmes not just on employee wellbeing, but also on the overall competitiveness of the organisation are spurring investments on office renovations, additional facilities, sponsoring lifestyle and sporting activities, ...

LONDON / Reuters Oil investors seem to buy the idea that recovery is finally underway after three years of gluts, but a price boom seems unlikely as the options market shows that at least until OPEC’s supply deal expires, producers will pounce on any rallies. The oil price has gained about 20 percent in the last two months to above ...

SINGAPORE / Reuters Freight rates for very large crude carriers (VLCCs) on Asian routes from the Middle East could fall to a new low for the year next week as too many ships chase the number of available cargoes, ship brokers said on Friday. That came as average rates from the Middle East to Asia have fallen close to last ...

SINGAPORE / Reuters China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade. For the first time, China imported more crude oil in the first half of the year than the US, government statistics showed. ...

DUBAI / Emirates Business As South Korea prepares for the largest winter sporting event in its history, LG Electronics (LG) focused on improving automated services at the main hub for the world’s travelers – Incheon International Airport (IIA). LG put into service a number of Airport Guide Robots and Airport Cleaning Robots at the award-winning airport to assist travelers arriving ...

DUBAI / Emirates Business LG Electronics’ (LG) newest smartphone featuring the proprietary FullVision display will become available to consumers around the world starting this week. The LG Q6, designed to meet the needs and expectations of discerning millennial customers worldwide, will be available this week in Korea, soon to be followed by key markets in Asia, Europe, Middle East and ...

DUBAI / Emirates Business You’ve decorated your beautiful home with care: furniture, lighting, paintings, floor covering…Wi-Fi? Perhaps this seems an “odd-man out” but how often is the peace in your home interrupted by expletives resulting from frozen (über-unattractive!) Skype images, cable clutter and other frustrations from faulty internet? Life is too short for so much irritation when the solution is ...

DUBAI / Emirates Business Colt Technology Services announced a strategic partnership with Equinix, Inc. (Nasdaq: EQIX) to interconnect the Colt IQ Network with Equinix’s cloud ecosystem. Today, Colt enterprise customers already benefit from connectivity to public and private clouds including Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform through Colt’s Dedicated Cloud Access service, and inter-data centre connectivity ...

Gregoire de Clercq Special to Emirates Business The ever-increasing flood of data into and out of an organisation and how best to manage it is one of the greatest challenges and opportunities facing businesses today. Today’s era of ‘data chaos’ – the point where the size and growth of unstructured data vastly outpaces structured data, has created a pressing requirement ...

Here’s a contrarian thought: President Trump had the right instinct to insist that China help resolve the nightmare problem of North Korea. A peaceful solution is impossible without help from the other great power in East Asia. As Trump nears the threshold of a military crisis with North Korea, he needs to sustain this early intuition—and not be driven into ...