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

  Bloomberg Pakistan’s drive to sell stakes in its loss-making state-owned entities has been all but abandoned, as the government bows to threats of widespread protests over potential job losses. Former IBM executive Mohammad Zubair, the minister of state for privatization, has found his work increasingly sidelined, even as annual losses from state companies rack up at 600 billion rupees ...

  Bloomberg Nintendo Co. plummeted in Tokyo after the debut of Super Mario Run was met by lukewarm reviews. The stock slid 7.1 percent on Monday, bringing its losses since the game’s debut last week to more than 11 percent. Nintendo’s partner DeNA Co., which helped with the game’s development, dropped 14 percent in the same period. Super Mario Run ...

  Bloomberg Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., ...

  Bloomberg Japan posted a trade surplus for a third straight month in November as imports continued to fall faster than exports. Export values declined at the slowest pace since September 2015, with exports to China rising for first time since February. Exports fell 0.4 percent in November from a year earlier (forecast -2.3%), after declining 10 percent in October, ...

  Bloomberg China’s overheated property market continued to cool in November as authorities rolled out renewed home-buying curbs to deflate a housing bubble. New-home prices, excluding government-subsidized housing, gained from the previous month in 55 of the 70 cities tracked by the government, compared with 62 in October, the National Bureau of Statistics said Monday. Prices dropped in 11 cities, ...

  DUBAI / AFP Egypt’s stock index surged 3.1 percent in heavy trade on Monday as the Egyptian pound depreciated against the US dollar, prompting more buying by foreign funds, while Gulf bourses diverged. Twenty-seven of the 30 most liquid Egyptian shares rose, taking the index to a fresh eight-year high, with Telecom Egypt and Global Telecom Holding each jumping ...

  HONG KONG / AP Most Asian stock benchmarks lost ground on Monday as investors fretted over the potential political and economic fallout from China’s capture of a US underwater glider. Worries over China’s effort to stem outflows of capital also overshadowed the Hong Kong market following an economic work conference in Beijing late last week. KEEPING SCORE: Japan’s benchmark ...

  Bloomberg Nintendo Co.’s Super Mario Run has been one of this year’s most anticipated smartphone games. That’s due in part to the breakaway success of Pokemon Go earlier in 2016. For the iconic plumber, who will be jumping over obstacles in the new game, Super Mario Run is a chance to leap beyond consoles and DS handhelds. With 1.46 ...

  Relaxnews Emoji have exploded from 176 original designs to around 1,800 and counting, as the little symbols conquer the world. Here are a few things to know about hieroglyphics for the smartphone age. SWEET EMOTION There’s something for everyone and every mood. Laugh, cry, shrug those shoulders, or give that forehead a good palm slap…digitally, of course. Rough day ...

  Relaxnews Looking for a last-minute gift for the PC gamer in your life but don’t have time to nip to the store or even wait for the next postal delivery? Good news: it’s easy to get them a digital download code and let their own net connection do the heavy lifting. Steam, GamersGate, GameStop, the Humble Store, GOG, Amazon, ...