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

  NEW YORK / AFP Fitbit, whose devices encourage people to walk 10,000 steps each day, now wants to put them to sleep as well. The company said data collected by the millions of Fitbit trackers in use show that people are averaging less than seven hours of sleep a night, the amount recommended by the Centers for Disease Control ...

  Bloomberg US stocks slipped with Treasuries, while gold advanced as caution rippled through markets after Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week. The S&P 500 Index slipped, with JPMorgan Chase & Co. warning that hawkish Fed rhetoric has increased the likelihood for a short-term pullback. The dollar and Treasuries were ...

  DUBAI / Reuters Stock markets in the Gulf closed with mixed fortunes on Monday, with a rebound by financially troubled builder Arabtec boosting Dubai while Barwa Real Estate pulled down Qatar as the company went ex-dividend. Dubai’s index added 0.4 percent as Arabtec , the most heavily traded stock, surged 6.4 percent on the three-year recovery plan outlined by ...

  HOUSTON / WAM Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency (IEA). The global picture appears comfortable for the next three years but supply growth slows considerably after that, according ...

  Abu Dhabi / WAM Abu Dhabi University launched ‘ADU Year of Giving Strategy 2017’ with 60 initiatives, under patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and President of the university’s Board of Regents. The move was in response to the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, ...

  DUBAI / Emirates Business Noor Bank announced it has partnered with DAMAC Properties to offer attractive financing options for select residential units. Noor Bank is set to provide preferential terms for end-user financing to resident and non-resident clients. It has established dedicated team for DAMAC’s customers that will ensure highest quality of service delivery. Pawan Dhawan, Head of Home ...

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has continued to make improvements in the fuel efficiency of its fleet, resulting in substantial reductions in carbon dioxide emissions and reinforcing the sustainability credentials of the airline. The airline’s dedicated fuel efficiency team drove numerous initiatives across all operational functions of the business, saving ...

  Abu Dhabi / WAM The training system of the UAE Armed Forces is an essential foundation for preparing the UAE’s brave forces to face all possible challenges, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said. The remarks were made on Monday while His Highness ...

  Abu Dhabi / WAM Hamad Mohammed Al Hurr Al Suwaidi, Chairman of Abu Dhabi Accountability Authority, and Jassem Mohammed Bu Ataba Al Zaabi, Chairman of the Executive Committee Office and member of the Executive Council of Abu Dhabi, have taken before His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the ...

  Abu Dhabi / WAM The UAE-Jordanian Investment Forum was held on Monday under the patronage and presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Ali Al Ghazawi, the Jordanian Minister of Labour at the Intercontinental Hotel in Abu Dhabi. The meeting was attended by several officials from both countries, as well as investors, businessmen and representatives from ...