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

  ROVANIEMI / AP There’s good news for Rudolph and his friends — an app is helping officials reduce the number of reindeer killed in traffic accidents in Finland. Some 300,000 reindeer freely wander the wilds of Lapland in Arctic Finland. An estimated 4,000 are killed every year through road accidents, officials say, and compensation to reindeer herders can be ...

  Relaxnews The fitness tracker trend has shown no signs of slowing down throughout 2016, with this year seeing a variety of new brands and products launching with innnovative new ways to improve our well-being. Here is the round up of some of the most interesting launches to come out of 2016 that will help you have a healthier and ...

  Relaxnews The world’s most popular social network is also the app that is still eating away most at your Android handset’s performance. According to Avast Software’s latest study into app use and performance drain, Facebook still tops the charts. What’s more, thanks to the impact of Instagram (6th place), Pages Manager (9th) and Facebook Messenger (10th), the company actually ...

  DUBAI / WAM Dubai’s non-oil foreign trade reached AED952 billion in first nine months of 2016. Imports had the lion’s share at AED 594 billion, while exports and re-exports accounted for AED109 billion and AED 249 billion, respectively, according to official figures. Dubai saw a 11 percent surge in the total volume of traded goods in the first nine ...

  ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, said that it will complete and hand over 4 schools in Al Ain city to Abu Dhabi Education Council (ADEC) by next April, well ahead of the start of the new academic year 2017-2018. This forms part of Musanada’s efforts to realise the vision of Abu Dhabi plan, and ...

  Far from jolting the US into a protectionist lurch, might President-elect Donald Trump unwittingly help buoy global trade next year? Here’s one scenario to mull over: A strong dollar and a tight US labour market, combined with Trump’s proposed fiscal plans, may fuel a rise in net US imports in 2017, a boon for commodity exporters and goods manufacturers ...

  A new year is just around the corner, and pressure on the yuan means Beijing can look forward to a host of fresh outflows into Hong Kong insurance, curbs or no. The annual $50,000 cap on foreign-exchange conversions resets on Jan. 1, and it’s a safe bet sales of dollar-denominated premiums in the city will spike. Before October’s ban ...

  There’s no good place to start a nuclear arms race — and Twitter is an especially bad venue. So it’s unfortunate that President-elect Donald Trump on Thursday tweeted his desire for the US to “greatly strengthen and expand its nuclear capability,” then followed up on Friday morning by saying, “Let it be an arms race.” It’s hard to know ...

  The Obama administration abstained from voting on a United Nations Security Council resolution condemning Israel’s West Bank expansion. Israel reacted fiercely. Tel Aviv accused Washington of abandoning its closest Middle East ally. The resolution called Israeli settlements illegal and demanded that country immediately stop construction in West bank and other territories seized in 1967 Middle East war. Some 430,000 ...

  This year’s news about what artificial intelligence can do in the arts has been both exciting and scary. Neural networks have learned to paint like masters and compose sophisticated music. Those of us in creative endeavours might be as endangered by technological advances as blue-collar workers are often said to be — though we are protected by certain limitations ...