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

  Bloomberg Foxconn Technology Group is considering building a US display-making facility for upwards of $7 billion, a major investment for Apple Inc.’s main manufacturer that may create tens of thousands of American jobs during President Donald Trump’s first year in office. The company is considering a joint investment with Sharp Corp., the Japanese display supplier it bought last year, ...

  Bloomberg LG Display Co. has scored a deal to supply television displays to rival Samsung Electronics Co. from as soon as this year, people with direct knowledge of the matter said. LG Display, a major supplier of panels to Apple Inc., will replace a venture between Sharp Corp. and Foxconn Technology Group as a supplier to the world’s biggest ...

  Bloomberg Yahoo’s financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopar- dized the $4.8 billion sale of its internet operations to Verizon Communications. The fourth-quarter report provided the latest snapshot of a shrinking company that has been steadily losing ground in the digital advertising market that ...

  Bloomberg President Donald Trump abruptly ended the decades-old US tilt towards free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement. “Great thing for the American worker, what we just did,” Trump said on Monday after signing an order withdrawing the US ...

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) deposited AED1.47 billion into the Central Bank of Sudan (CBOS) to secure increased liquidity and stimulate economic growth in Sudan. Mohammed Saif Al Suwaidi, Director-General of ADFD, signed an agreement to that effect with Hazim Abdegadir Ahmed Babiker, Governor and Chairman of the Board of the CBOS. Reaffirming the ...

  Abu Dhabi / WAM Navdeep Suri, Indian Ambassador to the UAE, has praised the exceptional ties between the UAE and India, which have witnessed unprecedented development in investment and trade relations, among others. India will welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on 26 ...

  DUBAI / REUTERS Dubai ports operator DP World said it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth $3.7bn that would invest in ports and terminals worldwide. DP World will hold a 55% share in vehicle while Caisse de dépôt, a long-term institutional investor that manages funds ...

  ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) on Monday announced that over 800 media representatives from around the world will cover the upcoming editions of the International Defence Exhibition and Conference (IDEX), and Naval Defence Exhibition (NAVDEX) 2017. Held in collaboration with UAE Armed Forces under the patronage of His Highness Sheikh Khalifa bin Zayed Al ...

  DUBAI / WAM Dr Abdullah bin Mohammed Belhaif Al-Nuaimi, the UAE Minister of Infrastructure Development, met Wilfred Ali, Non-Resident Ambassador of the Republic of Malawi to the UAE, and discussed ways to strengthen relations between the two countries in various fields. The meeting, held on Monday at the Ministry’s headquarters in Dubai, was also attended by Andrew Chifukwa, Vice ...

  Dubai / Emirates Business The UAE ranked first in the global assessment of travel destinations with the best developed Halal ecosystems, according to the 2016-2017 Global Islamic Economy Report developed and produced by Thomson Reuters. The country is followed by Malaysia and Turkey in the global ranking system that evaluated the countries based on four criteria: inbound Muslim travel, ...