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

  AP Google wants to make it easier for you to find answers and recommendations on smartphones without having to think about what to ask its search engine. Its new feature, called “shortcuts ,” will appear as a row of icons below the Google search box. Instead of having to ponder and then speak or type a request, the shortcuts ...

  Bloomberg Dong Ximiao was buying a meal at KFC in Hangzhou on a recent Sunday and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?” The problem was, Dong wanted to use Apple Pay for the 36 yuan ($5.20) bill, but the cashier told him she had never handled ...

  BOSTON / AP Mohammed-Faizul Haque makes it all look so easy. To a pan full of sizzling chicken he adds a ladle of orangey base sauce and then lemon, sending flames shooting up. He reaches to a line of vessels for pinches of cumin, coriander, salt, chili and garlic, the feel of the ingredients between his fingers as his ...

  ABU DHABI / WAM The value of margin trading finance on Abu Dhabi and Dubai Security Exchange Markets hit AED31 billion in January and February 2017, an all-time-high since the inception of margin trading in 2008. The growth in the service’s financial value during the two months account for 37.3% of the total facilitations provided by licensed brokerage companies ...

  DUBAI / WAM The Emirate of Dubai continues to show growing levels of buoyancy in different business sectors, boasting growing demand and increasing returns thanks to its highly sophisticated industrial base and rising foreign investment quotas for its property and financial markets. The impressive economic success story, according to recent business reports, is attributed to a number of factors, ...

  DUBAI / WAM Nakheel Properties awarded a construction contract worth AED184.5 million for a second hotel at the Ibn Battuta Mall in Dubai. Dubai-based Parkway International Contracting has been appointed to build the 375-room hotel, which has a total project value of AED240 million. It forms part of Nakheel’s AED3 billion hospitality expansion under which the developer is bringing ...

  Bloomberg FBI Director James Comey confirmed the bureau is probing potential ties between President Donald Trump’s associates and Russia during the 2016 campaign and said there’s no evidence to support the president’s allegation that his predecessor “wiretapped” Trump Tower last year. “I have no information that supports those tweets and we have looked carefully inside the FBI,” Comey told ...

  KABUL / AP A suicide car bomb targeted a checkpoint in Afghanistan’s southern Helmand province, killing at least six members of an intelligence unit, an Afghan official said on Tuesday. Hayatullah Hayat, the governor of the province, said seven other members of the service were wounded in the attack, which took place late Monday near the provincial capital, Lashkar ...

  SEOUL / AP South Korean prosecutors grilled the country’s just-ousted president on Tuesday in a long-awaited investigation of corruption allegations that ended her rule and now threaten to put her in jail. The questioning of Park Geun-hye came 11 days after the Constitutional Court unanimously ruled to dismiss her over suspicions she colluded with a confidante to extort money ...

  Perhaps no other piece of economics jargon has caused as much confusion as the term “strong dollar.” The phrase suggests patriotic strength, of the USA riding roughshod over its economic rivals. In reality, dollar strength just means purchasing power — a stronger dollar lets US residents and businesses buy more things from overseas, while a weaker dollar helps them ...