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

  Bloomberg US equities rose this week thanks largely to advances in companies with high dividends that investors turn to when bond yields fall. The S&P 500 Index added 0.2 percent to 2,378.25. The biggest boost came Wednesday after the Federal Reserve raised the benchmark lending rate a quarter point and maintained its projection for two more increases this year. ...

  Bloomberg Fish farmers will need to get more kroner out of every fish to provide the next lift for the Oslo exchange’s best-performing sector over the past five years. That means making their product less a commodity and more a consumer friendly, ready-to-eat staple to provide more stable earnings, according to Leif Eriksrod, head of equities at Alfred Berg ...

  Bloomberg The Wi-Fi icon — a dot with radio waves radiating outward — glows on nearly every internet-connected device, from the iPhone to thermostats to TVs. But it’s starting to fade from the limelight. With every major US wireless carrier now offering unlimited data plans, consumers don’t need to log on to a Wi-Fi network to avoid costly overage ...

  Bloomberg Apple Inc. doesn’t have a specific goal for market share in China, where it faces the fiercest local competition anywhere, Chief Executive Officer Tim Cook said. China has unique characteristics, in that its mobile payment market is well ahead of the US and local consumers have a greater willingness to change habits, Cook said at a panel discussion ...

  Bloomberg Forget robotic vacuum cleaners, medical assistants or butlers, for now industrial robots represent the greatest slice of the $34 billion global robotics market. The classic industrial robot is a deaf and blind arm carrying out repetitive tasks reliably without a break. That also means they must be fenced off from people working on factory production lines, in case ...

  Bloomberg For decades, cyclists hoping to stay fit through the winter have been presented with the same choice: bundle up and brave the elements or resign themselves to hours of frustration on an indoor training device. Basically, a cyclist can suffer from frostbite or boredom. No longer. We live in a marvelous age of technical innovation, where a robot ...

  Abu Dhabi / Emirates Business UAE is ranked no. 1 for the highest Fiber to the Home (FTTH) penetration in 2016 among all its global counterparts, according to the leading industry body FTTH Council. The council published its annual report recently that highlighted UAE with a coverage of 93.7 percent compared to countries such as Qatar (87.9 percent), Singapore ...

  Sharjah / Emirates Business As part of its strategy to provide the region’s leading sustainable tourist destinations, the Sharjah Investment and Development Authority (Shurooq), has begun implementing the stunning Kalba Kingfisher Lodge, its latest ground-breaking eco-tourism project, in collaboration with the Sharjah Environment and Protected Areas Authority (EPAA). Shurooq said that the five-star hospitability project, featuring a tented camp ...

  Abu Dhabi / WAM The UAE has been ranked as one of the world’s largest donor countries in terms of development aid, British Ambassador to the UAE, Philip Parham, has said. He added this has happened in record time. “The UAE and the United Kingdom have a proven track record in aid donations as they have exceeded the goal ...

  Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada) announced that work is progressing as scheduled on the Delma School Project, to be eventually handed over to Abu Dhabi Education Council (ADEC). This forms part of Musanada’s contribution to achieve the objectives of Abu Dhabi Plan, enhancing the development of a promising generation to engage in serving the ...