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

  Bloomberg The super-rich will continue to flock to London, despite the political and economic concerns around the UK’s intention to leave the European Union, according to a report published on Wednesday by property broker Knight Frank LLP. The number of ultra-wealthy people living in the UK capital is expected to climb by 30 percent to 6,058 over the next ...

  Bloomberg Fiat Chrysler Automobiles NV said the US Securities and Exchange Commission and states’ attorneys general are investigating its diesel models, as scrutiny escalates of vehicles that environmental regulators have said violate pollution laws. Following US Environmental Protection Agency allegations in January that Fiat Chrysler put software in Jeep and Ram diesel models allowing them to exceed pollution limits, ...

  Bloomberg UK house prices rose more than expected in February, according to Nationwide Building Society, a sign that the market’s strength has extended into this year. Prices gained 0.6 percent from January, a third month of gains. Economists predicted an increase 0.2 percent. From a year earlier, prices climbed 4.5 percent to an average of 205,846 pounds ($254,000). Britain’s ...

  Bloomberg Blue-chip US companies are pulling back from borrowing just when investors most want to lend. Investment-grade corporate bond sales were below $100 billion in February, the worst February since 2014 and 14 percent below the monthly average for issuance for the last three years, according to data compiled by Bloomberg. Companies likely moved at least a portion of ...

  Bloomberg The co-founder of Noveto Systems Ltd. had five minutes to impress some 1,000 auto executives, venture capitalists and fellow entrepreneurs with his startup’s novel audio system. At stake, a potential supply deal with Mercedes-Benz. After a tentative beginning, Tomer Shani asked the crowd in Stuttgart, Germany, to “imagine a world without headphones and wires,” where speakers beam sound ...

  Emirates Business A10 Networks (NYSE: ATEN), a secure application servicesâ„¢ company, announced the expansion of its A10 Thunder CFW (convergent firewall) family with a new Gi/SGi firewall solution and a software-only vThunder CFW for NFV deployments. The new A10 Thunder CFW addresses rising security concerns of service providers who are focused on the industry’s transition to 5G, broad-scale deployment ...

  Bloomberg The team behind Pepper, the humanoid robot from SoftBank Robotics, are planning a platform for the machine where developers create applications for everyday use, such as guarding your home or giving floors a vacuum clean. SoftBank intends to open a platform similar to a mobile “app store” for developers to sell or market software to consumers, said Nicolas ...

  GENEVA / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs reiterated UAE’s commitment to promoting respect for human rights and fundamental freedoms. Giving the UAE statement before the High Level Segment of the 34th session of the United Nations Human Rights Council in Geneva, Dr Gargash said by promoting respect for human rights, the UAE ...

  DUBAI / WAM Emirates National Bank of Dubai (Emirates NBD) announced it would cooperate with Dubai SME to provide four-year, interest-free payments for buyers of revolutionary machines which literally convert air into water. The deal between Emirates NBD and Dubai-based Sky River was signed at Gulfood 2017, the world’s largest annual food event running at Dubai World Trade Centre ...

  Abu Dhabi / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside the oil and gas industry, reported net income for 2016 of AED 2.1 billion, an increase of 10 per cent compared to 2015. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at AED 5.0 billion, in line with 2015. ...