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

  DUBAI / Reuters Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, met analysts’ average forecast as it reported a 2 percent rise in fourth-quarter net profit, according to reports. It made a net profit of 555 million riyals ($152 million) during the three months to Dec. 31, compared with 544 million riyals in the same ...

  Bloomberg The young entrepreneur credited as the brains behind Facebook Inc.’s virtual reality headset was accused in court of betraying a company that had worked with him to display the technology at a trade show. Oculus VR founder Palmer Luckey, whose startup was bought by the social media giant for about $2 billion in 2014 when he was 21, ...

  DUBAI / Emirates Business The year 2016 was another eventful year for the consumer electronics industry with a number of exciting and sophisticated technologies advancing to fulfill their potential on the world stage. The year 2017 appears to see the continuation of these trends, as the products, which shape the world around us are improved to better suit evolving ...

  DUBAI / Emirates Business Cyber security professionals have become more aware of the value of analytics and have moved beyond using analytics for detection and response to using analytics to measure and improve their overall risk posture, according to the results of SANS’ 2016 Survey on Security Analytics. “Traditionally, cyber security has been focused around protection and prevention. But ...

  Berlin / DPA Music lessons for babies? Nope, it’s not a school for over-achievers in which 1-year-olds sing their scales. In Louise Watts’ classes it’s mainly the parents who sing and the babies bounce along to the beat. Music, says Watts, should just be part of life. In Thursday’s class in the trendy Berlin district of Prenzlauer Berg, 12 ...

  Hanover / DPA Last night, Yanga slept for three hours at a stretch. As far as Klaus Meyer is concerned, this is cause for celebration. Normally, she wakes every hour during the night and wants to be entertained with hugs and tickles. Meyer is not a new dad, but a keeper at Germany’s Hanover Zoo, and he currently has ...

  ABU DHABI / WAM The Emirates Maritime Arbitration Centre (EMAC) hosted the first of its series of 2017 events in Abu Dhabi to further promote its services to local maritime stakeholders. The event featured a panel of key speakers from EMAC. With an audience of legal professionals and representatives from the maritime and oil and gas sectors, the panelists ...

  DUBAI / Emirates Business The UAE is leading an innovative strategic shift in using CCTV from citizen security to Smart City quality of life services. Across the UAE, public and private sector organizations have installed thousands of CCTV cameras. For example, the Abu Dhabi government’s recently-launched Falcon Eye system is monitoring transport infrastructure to better manage traffic flow. As ...

  Dubai / Emirates Business According to the latest report issued by Dubai Land Department (DLD), Dubai’s real estate market experienced a strong start to the year, generating transactions worth up to AED 12 billion during the first 15 days of January 2017. His Excellency Sultan Butti Bin Mejren, Director General of DLD said, “The growth achieved in the fourth ...

  Abu Dhabi / WAM Leaders from government, business and academia convened on Wednesday in Abu Dhabi for the second annual Women in Sustainability, Environment and Renewable Energy, WiSER, conference under the theme ‘Practical steps towards sustainable innovation.’ The event was organised by Masdar in partnership with the Zayed Future Energy Prize. The conference, a key event at Abu Dhabi Sustainability ...