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

  Tough times lie ahead for Portuguese bonds. They were a euro area laggard last year, and 2017’s looking pretty poor. European Stability Mechanism Managing Director Klaus Regling said last week markets are “nervous” about Portugal’s debt level, financial sector and competitiveness. Portuguese yields had got low enough to suggest we were a long way from the bailout days of ...

  Kara Alaimo Earlier this month, US prosecutors announced charges against three former executives of the Japanese auto-parts maker Takata for allegedly falsifying data to cover up a deadly air-bag defect. The company has admitted to a 15-year cover-up, agreed to plead guilty to wire fraud, and will pay a $1 billion fine. Meanwhile, the faulty air bags have been ...

  SAN FRANCISCO / AP The Pixel phone, Google’s answer to Apple’s iPhone and Samsung’s Galaxy, is off to a promising start — but might have done even better had Google managed consumer demand as smartly as the device’s sleek design. Although Google hasn’t released sales figures, industry researchers say the Pixel has been a hot item since its October ...

  Dubai /Emirates Business GCC doctors will be able to review patient medical records in 3 seconds or less, if healthcare providers adopt the latest technology in the next three years. In the face of rising healthcare costs, GCC national transformation plans such as UAE Vision 2021 and Saudi Vision 2030 call for investment in the latest medical technology solutions ...

  Bloomberg Most consumers have yet to figure out how to pay for their daily lattes using their smartphones. But that hasn’t stopped automakers from adding digital wallets to cars, too. In-car payments, long just a pipe dream on the research floors at big automakers, are finally ready to make their real-world debut. Honda Motor Co. showed off a prototype ...

  Dubai /Emirates Business Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc. commissioned and released a landmark study, The 5G Economy, examining the potential economic and social impact of 5G around the world. The study was conducted jointly by research firms IHS Markit, PSB and leading economist Professor Dr. David Teece, director of the Tusher Center at the Haas ...

  ABU DHABI / WAM The UAE seeks to be a key member of the executive council of the International Maritime Organisation (IMO) in 2017, a cabinet minister has said. “We obtained the necessary approvals from the concerned authorities in the UAE and the Ministry of Foreign Affairs and International Cooperation, and will work closely with the stakeholders, ports and ...

  Abu Dhabi / WAM The Department of Economic Development – Abu Dhabi (ADDED) launched the Innovators Support Council (ISC) during a meeting attended by Khalifa bin Salem Al Mansouri, Acting Under-Secretary, and representatives from Abu Dhabi National Oil Company (ADNOC), UAE University, Masdar Institute, Al Ain Distribution and other UAE companies, along with the UAE inventors who are the ...

  ABU DHABI / WAM The fourth Abu Dhabi Dialogue Consultative Ministerial Meeting in Colombo, Sri Lanka, announced four declarations as per The Colombo Declaration Draft, which acts as a collaborative agenda for the next two-year cycle, 2017 – 2018, tackling projects and initiatives relating to temporary labour contracts between ‘countries of origin and destination’ in Asia. “The cooperation aims ...

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law concerning the Abu Dhabi Government’s financial system. The law seeks to set a comprehensive regulatory framework for public financial resources to guarantee that government work is conducted within the institutional framework, with a high level of ...