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

  AFP Nintendo on Thursday launched a palm-sized version of its eighties era games console, setting up an old versus new showdown with rival Sony as it released a new PlayStation 4. The dual launches marked a new chapter in the battle for supremacy between Japan’s top videogame companies as they try to deal with a sharp rise in mobile ...

  AFP Yahoo has provided more details about an epic hack of its services, including that the culprits may have planted software “cookies” for ongoing access to users’ accounts. In revelations that could jeopardize the company’s pending $4.8 billion acquisition by US telecom giant Verizon, the internet pioneer said it was trying to pin down when it first knew its ...

  Emirates Business Intel Security has announced continued growth and product integrations across its extensive partner ecosystem, the Intel Security Innovation Alliance. Check Point*, Huawei* and other industry-leading companies have joined the Intel Security Innovation Alliance to provide a truly integrated, connected security ecosystem that maximizes the investment customers are making in their cybersecurity infrastructure. One year ago, at its ...

  Emirates Business Huawei Consumer Business Group announced that the Huawei MateBook is now available for purchase in the United Arab Emirates. The device can be found at select retail outlets and is priced between AED 2,999-3,999 depending on the model. The Huawei MateBook was launched at Mobile World Congress and is Huawei’s first 2-in-1 device designed to meet the ...

  Emirates Business Nissan Motor Co. Ltd. has introduced its new drive system called e-POWER to customers. It marks the first time that e-POWER technology is available for consumers, marking a significant milestone in the electrification strategy under Nissan Intelligent Mobility. e-POWER borrows from the EV technology perfected in the Nissan LEAF, the best-selling pure electric car in history, with ...

  London / AFP World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump’s shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a ‘Trump slump”, with Tokyo diving on concerns over the untested policies of the billionaire businessman and reality TV star. Europe followed suit, tipping about two ...

  Dubai / WAM Jebel Ali Free Zone (Jafza) and Investe Sao Paulo, a Brazil-based investment promotion agency signed a memorandum of understanding (MoU) to leverage Dubai as a business promotion hub to reach countries and customers in the GCC, Northern Africa, Asia and more. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, and Chairman ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) confirmed that the ACWA Power and Harbin Electric consortium has begun construction of the 2,400 megawatt (MW) Hassyan clean coal power station, based on the Independent Power Producer (IPP) procurement model. The plant will be the first of its kind in the region and is fully-compliant with set international standards, ...

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum inaugurated the second phase of the Dubai Water Canal, a 12 kilometre waterway that connects Dubai Creek with the Arabian Gulf. The Dubai Water Canal project has been built at a cost of AED 3.7 billion. Crown ...

  Abu Dhabi / WAM Ways to promote relations between the UAE and Armenia, and regional and international issues of common concern were the focus of talks held on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Armenian President Serzh Sargsyan, who is on ...