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

  New York / AP The latest Yahoo hack exposed personal details from more than 1 billion user accounts, the largest known data breach in history. Despite the size of the break-in, which apparently dates back to August 2013, attackers don’t appear to have accessed obviously sensitive information such as financial data or Social Security numbers. Here’s how the Yahoo ...

  Relaxnews LG is bringing five new handsets of different shapes and sizes to January’s consumer technology extravaganza that all have two things in common: they’re focused on premium features but at an affordable price point. The new phones are, according to LG, a genuine effort to bring a host of flagship features, such as fingerprint scanners and latest generation ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade, to establish a long term partnership, involving economic collaboration in various sectors. The MoU, which aim to enhance Sharjah’s ties with international trade partners, will pave the way for a unique and mutually ...

  ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) explored new ways of collaboration and cooperation with Maldives at a meeting between Mohammed Saif Al Suwaidi, Director-General of ADFD and the non-resident Ambassador of Maldives to the UAE, Abdullah Hamid. The meeting, attended by ADFD’s senior management, highlighted joint endeavours, opportunities and partnerships within the islands, to ...

  DUBAI / WAM Emirates Global Aluminium (EGA) and GE Power signed a Memorandum of Understanding (MoU) to work together on a 100-day programme to reduce EGA’s nitrogen oxide (NOx) emissions under the UAE Government Accelerators programme. Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, and Joseph Anis, President and Chief Executive Officer, Power Services for the Middle ...

  DUBAI / WAM As part of the Emiratisation initiative to employ more UAE nationals in the private and public sectors, Emirates Central Cooling Systems Corporation (Empower) announced on Wednesday a 13% increase in 2016 in the employment of UAE nationals in company. “We are operating in a very specific and prolific industry, with so much potential for growth. As a ...

  Dubai / WAM The UAE is accelerating its efforts to boost the industrial sector and make it a valuable contributor to the national economy, turning the ‘Made in UAE’ label into a mark of quality and global excellence and can achieve this through successful partnerships with international manufacturers, and stimulating investments in industry, said HH Sheikh Ahmed bin Saeed, Chairman ...

  Ajman / WAM The Ajman Chamber of Commerce and Industry discussed ways and means to promote bilateral economic relations with the Republic of Serbia. The discussions took place during a recent meeting between Mohammed Al Janahi, Executive Director of Investment and Business Development Sector of the Ajman Chamber of Commerce, and Milos Presic, the Charge d’affaires in the Embassy of ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, inaugurated the 400/132 kilovolt (kV) substation at the Mohammed bin Rashid Al Maktoum Solar Park. The AED275 million substation is one of the first projects of the solar park and has a conversion capacity of 1,515 megavolt amperes, MVA. It will transmit and ...

  Dubai / WAM An increasing number of private schools are signing up with Emirates Transport (ET) the sole provider of government school transport in the country, according to the ET Private Schools Transport Centre. The centre says that it has signed contracts with 11 new schools for the academic year 2016/2017, meaning that a total of 62 private schools are ...