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

  Bloomberg Aviva Plc, Britain’s second-largest insurer, raised its dividend and said it will return more cash to shareholders this year after higher earnings at the life insurance unit helped boost full-year operating profit. The shares rose the most in seven months. Operating profit climbed 12 percent to 3.01 billion pounds ($3.66 billion) from a year earlier and Aviva raised ...

  NEW YORK / AP These days, it’s possible to use your phone and sometimes just your voice to control everything from your TV to your lights, your thermostat and shades, even your car or medical device. (At least, once you have gadgets that can listen.) But the WikiLeaks allegation that the CIA commandeered some Samsung smart TVs as listening ...

  Bloomberg Tsinghua Unigroup Ltd. is teaming with Britain’s Dialog Semiconductor Plc. to develop smartphone chips, a deal that will help the government-linked Chinese technology giant expand its growing semiconductor empire. Unigroup mobile-design subsidiary Spreadtrum & RDA and the British supplier of chips to Apple Inc.’s iPhones and iPads are considering a joint venture in eastern China, through which the ...

  Bloomberg On a rooftop in the Jewish-Arab Tel Aviv neighborhood of Jaffa, a former military technologist and an ex-journalist sit in a transparent bio-dome where their robot is busy learning how to grow food. Flux IoT’s Eddy, a robot measuring less than a foot tall and resembling a life buoy, is built with military-grade sensors and armed with image-processing ...

  ROME / AP Lucia Annibali’s face was rebuilt for the price of atrocious pain and 18 surgeries after an acid attack ordered by her ex-boyfriend corroded her eyelids, cheeks and forehead almost to the bone and left her nearly blind. The man she enraged with a breakup, like her then a lawyer in an Adriatic resort town, is now ...

  NEW YORK / AP Daniel Houghton was just 24 years old when he became CEO of Lonely Planet in 2013. Since then, he’s restructured the company, expanded its digital presence and, to the surprise of many who feared he’d kill off Lonely Planet guidebooks, he’s grown the print side of the business. The company now has 33 percent of ...

  ABU DHABI / WAM The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE issued at the end of last year. This reflects ...

  ABU DHABI / WAM The volume of non-oil trade between the UAE and Russia touched about US$1.6 billion during the first 9 months of 2016, compared to about $2.5 billion during the whole of 2015, according to a report released by the UAE Ministry of Economy, on reviewing the trade policies with Russia. The report also shed light on ...

  ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) and the Monetary Authority of Singapore (MAS) signed a Cooperation Agreement |(CA) to foster closer cooperation on developments and initiatives that nurture FinTech entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. This new partnership was the result of meaningful exchanges between the FinTech teams ...

  DUBAI / WAM Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation, EMPOWER, world’s largest district cooling service provider, has urged building owners on Sheikh Zayed Road to adopt district cooling system instead of traditional cooling services. The call follows the company’s delivery of such services to several buildings in the area. Empower’s ongoing process to deliver district ...