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

  Bloomberg Microsoft Corp. is urging countries to step up protection for civilians from state-sponsored cyberhacking, through the formation of international agreements similar to the Geneva Conventions and an independent group to investigate and share evidence on the attacks. The company also is advocating bilateral accords, such as the possibility that “the United States and Russia can hammer out a ...

  Dubai / Emirates Business Ferrostaal Group, a leading provider of industrial solutions around the globe, announced the opening of Ferrostaal Technology Solutions L.L.C. (FSTS), its cyber-security focused systems integration division. With headquarters in Dubai Silicon Oasis, the new division will leverage Ferrostaal’s global cyber-security expertise and experience to help businesses in the Middle East reduce their risk and comply ...

  WASHINGTON / AP In the first major congressional attempt to address the advent of self-driving cars, two senators said they’re launching a bipartisan effort to help to speed up the deployment of the vehicles on the nation’s roads. Republican John Thune of South Dakota, the chairman of the Senate Commerce, Science and Transportation Committee, and Democrat Gary Peters of ...

  ABU DHABI / WAM A delegation from the Infrastructure and Environment Committee and the Social Development Committee inspected workflow at a number of ongoing housing projects in the city of Al Ain, including the Jebel Hafeet and Ain Al Fayada residential projects. The delegation was headed by Falah Mohamed Al Ahbabi, Chairman of the Infrastructure and Environment Committee, and ...

  Dubai / WAM Global developer Emaar Properties PJSC recorded a robust full-year 2016 net profit of AED5.233 billion, 28 percent higher as compared to the FY 2015 net profit of AED4.082 billion. Emaar achieved FY 2016 revenues of AED15.540 billion, an increase of 14 per cent over FY 2015 revenues of AED13.661 billion. Highlighting the strength of its diversified business ...

  Abu Dhabi / WAM Foreign investors’ purchases in Abu Dhabi Securities Exchange (ADX) in January 2017 reached AED3.13 billion, representing 40.4 percent of total buy trades, whereas their sell stood at AED2.723 billion, representing 35.2 percent of total sell trades. Subsequently, the net foreign investment in January reached AED 406 million. ADX general index in January grew by 0.03 percent ...

  Dubai / WAM Dubai Chamber of Commerce and Industry (DCCI) has honoured 39 companies with the CSR Label for their Corporate Social Responsibility, CSR, and sustainability efforts. Those who received the accolade included Intercoil International Co. LLC, Mashreq, Qurum Business Group, and Standard Chartered Bank for the sixth time, while Ducab, Emirates Transport, Emrill Services, Majid Al Futtaim Properties, National ...

  Abu Dhabi / WAM Abu Dhabi Airports (AUH) awarded a five-year car parking contract for the new Midfield Terminal Complex (MTC) to Zone Parking Solutions LLC. The company will be responsible for the design, supply, installation, operation and maintenance of a centralised Parking Access and Revenue Control System (PARCS) at the short-term, long-term and employee car parks. Parking facilities are being ...

  Dubai / WAM The Roads and Transport Authority (RTA) of Dubai signed an agreement with Tesla Inc., a world-leading manufacturer of autonomous electric vehicles, to buy 200 hybrid electric vehicles fitted with several components of autonomous driving technologies. According to Tesla, the RTA will purchase Model S sedans and Model X SUVs for the programme. The new vehicles will be ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, unveiled on Tuesday the “Mars 2117 Project” which aims at its final stage to establish the ...