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

  Emirates Business According to Cisco’s 6th Global Cloud Index (CGI) Forecast, cloud data center traffic in the Middle East & Africa will grow at a CAGR of 34% between 2015-2020 and represent 67% of total data center traffic by 2020. Whatever the specific configuration of your cloud, be it public, private, or a mix of both, there are security ...

  Bloomberg Tencent Holdings Ltd.’s messaging services were by far the most popular Chinese mobile apps in 2016, leading steady growth in the world’s largest internet and smartphone market, the government’s online industry overseers said on Sunday. WeChat remained the most heavily used app in the country in 2016, with almost 80 percent of the online population employing the social ...

  ABU DHABI / Reuters Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes ...

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) and the Mohammed bin Rashid Al Maktoum Foundation signed an agreement initiating exchange of expertise and knowledge to promote co-operation in economic and cultural development. The agreement allows the two entities to share data and statistics, co-organise relevant conferences and workshops and conduct training courses on financial markets and ...

  Bloomberg OPEC and Russia said they are ahead of schedule implementing their historic agreement to curb oil output and boost prices. Saudi Arabia, Algeria and Kuwait have already made deeper cuts than required, while Russia has been able to reduce supply faster than expected, ministers from the countries said as they arrived in Vienna on Saturday. Producers have already ...

  ABU DHABI / WAM At the heart of the world’s sustainable development goals lies one crucial statistic. By 2040, we will require at least 25% more energy than is currently produced to meet the needs of a rapidly growing, global population, Dr Sultan bin Ahmed Sultan Al Jaber, UAE Minister of State said. He added that keeping pace with ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will attend 68th Republic Day celebrations as a chief guest. During the visit, Sheikh Mohamed will hold official talks with President of India Pranab Mukherjee and Indian Prime Minister Narendra Modi. He will ...

  DUBAI / Emirates Business Dubai South signed a strategic alliance agreement (MoU) with Deyaar Development PJSC, for a joint development of a mixed-use project within the Residential District at Dubai South. The memorandum of understanding was signed by Ahmed Al Ansari, Acting CEO Dubai South and Saeed Al Qatami, CEO, Deyaar Development. Building on its endeavor to provide unique ...

  MILAN / AP If turmoil brings innovation and renovation, Italian menswear is in for a creative burst. Fashion houses are continuing their reboot of Milan Fashion Week menswear offerings, with notables like Bottega Veneta and Gucci sitting out this round, preferring to combine menswear and womenswear previews next month. That is making room for a plethora of newcomers. The ...

  EMIRATES BUSINESS Noon, the Middle East’s largest online shopping platform, will use the high-street fashion segment as a central plank in its strategy to dominate the region’s fast-growing e-commerce sector. The retail powerhouse has announced that it will offer hundreds of exclusive fashion brands, five times more than its nearest competitor. Buyers will also be able to choose from ...