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

    Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in “a reasonably strong position in an attractive market,” the rest are on less solid ...

  Bloomberg For the past year, Google’s car project has been a talent sieve, thanks to leadership changes, strategy doubts, new startup dreams and rivals luring self-driving technology experts. Another force pushing people out? Money. A lot of it. Early staffers had an unusual compensation system that awarded supersized payouts based on the project’s value. By late 2015, the numbers ...

  Dubai / Emirates Business Intel Security announced its second annual cloud security report, “Building Trust in a Cloudy Sky.” The report outlines the current state of cloud adoption, the primary concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT of the more than 2,000 IT professionals surveyed. “The ‘Cloud First’ strategy is ...

  CARSON CITY / AP Computer chips that store personal information and could be used to pinpoint someone’s location could not be implanted in humans without consent under a bill Nevada state lawmakers weighed on Monday. Lawmakers on a judicial panel considered whether Nevada should join at least four other states in banning mandatory identification markers in people as a ...

  DUBAI / WAM The Ministry of Finance (MoF), in cooperation with the Prime Minister’s Office and the International Monetary Fund (IMF), held a high-level closed session on economic diversification, on the sidelines of the World Government Summit 2017. The session aimed to discuss challenges and solutions to support thought-leaders during the implementation of economic diversification policies and change the ...

  KHARTOUM / WAM Hamad Mohamed Humaid Al Junaibi, the UAE Ambassador to Sudan, signed a contract to build four model villages with 1,200 traditional ‘Qateya’ housing units in the Sudanese state of Kassala, which will benefit over 5,000 people. He signed the agreement on behalf of the Emirates Red Crescent (ERC), in the presence of the Secretary-General of the Sudanese ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), discussed future cooperation opportunities with Elon Musk, Founder and CEO of Tesla, the American company specialised in electric vehicles and energy storage. The meeting was held on the sidelines of the second day of the World Government Summit 2017. Al Tayer discussed ...

  ABU DHABI / WAM DarkMatter, the international cyber security firm headquartered in the UAE, will debut its capabilities targeting the defence sector at the upcoming International Defence Exhibition and Conference (IDEX 2017), in Abu Dhabi. Taking place from February 19-23 at the Abu Dhabi National Exhibition Centre, DarkMatter will launch its RF Jamming solutions, and Command, Control and Monitoring ...

  SHARJAH / WAM The UAE Ministry of Education signed a memorandum of understanding (MoU), with Expo Center Sharjah on Monday, ahead of the 13th International Education Show, to be held from February 15-17. The event also coincides with the 19th National Career Exhibition. The MoU, signed by Marwan Ahmad Al Sawaleh, Under-Secretary of the Ministry of Education for Academic ...

  Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, World Bank Group President Jim Yong Kim has launched a global education platform that gathers annually during the World Government Summit, with the aim of supporting education worldwide, and support children education among ...