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

  Cambridge / AFP Professor Stephen Hawking has opened a new artificial intelligence research centre at Britain’s Cambridge University. The Leverhulme Centre for the Future of Intelligence (CFI) will delve into AI applications ranging from increasingly “smart” smartphones to robot surgeons and “Terminator” style military droids. Funded by a £10 million (11.2 million-euro, $12.3-million) grant from the Leverhulme Trust, the ...

  Dubai / Emirates Business Panasonic Marketing Middle East and Africa (PMMAF) showcased its latest mobile business computing solutions at GITEX 2016, including the world’s first rugged detachable laptop CF 20, as well as the light weight and slim CF-MX4, which features a sleek and business rugged body. Designed to meet the evolving needs of enterprise customers in the region, ...

  Emirates Business The discovery of premium Koishimaru silk, that promises silky, moisturized & beautiful skin, has garnered worldwide recognition & appreciation for Sensai. Known as a high-end luxury brand, SENSAI continues to introduce an enviable variety of skincare products & has leveraged its ‘super prestige’ stance with an exclusive anti-ageing range – ‘Wrinkle repair cream & Wrinkle repair eye ...

  DUBAI / WAM Nakheel on Wednesday announced a net profit of AED3.91 billion for the first nine months of 2016, an increase of 8.3 percent on the profit of AED3.61 billion in the same period last year. The company recorded a net profit of AED955 million for third quarter of 2016, 22 percent up on Q3 2015 profit of ...

  Bloomberg Saudi Arabia plans to raise $17.5 billion in the biggest ever bond sale from an emerging-market nation, according to four people with knowledge of the offering, as it seeks to shore up finances. The government aims to sell dollar-denominated bonds due in five years yielding 135 basis points more than similar-maturity US Treasuries, 10-year notes at a spread ...

  SHANGHAI / WAM Abu Dhabi and Shanghai will bolster economic co-operation in trade, investment and technology transfer, after the parties signed a Memorandum of Understanding (MoU). Khalifa bin Salem Al Mansouri, Acting Under-Secretary of ADDED, and Gen Shing Meng, Vice Secretary-General of Shanghai Government, witnessed the signing, and later discussed means of promoting economic and investment relations between Shanghai ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding (MoU), with Intel Corporation Middle East, to enhance cooperation, develop new initiatives, and enhance the happiness of stakeholders though the adoption and development of the latest technologies and business models. These include the Internet of Things (IoT), cloud computing, data centres, big data, artificial intelligence, ...

  Abu Dhabi / WAM Aldar Properties awarded an AED155 million contract for the early works of Yas Acres, a golf and waterfront development on Yas Island, to locally-based Bauer Geotechnical Specialised Foundation. Talal Al Dhiyebi, Chief Development Officer of Aldar Properties, said, “We are pleased to award the early works package for Yas Acres within six months of launching ...

  Abu Dhabi / WAM Abu Dhabi International Airport (AUH) welcomed 2.1 million passengers throughout September, an increase of 5 percent over September 2015. Since the beginning of the year, passenger traffic at AUH has grown 6 percent over the same period last year, with 18,528,723 passengers between January 1st and September 30th. There were 352,067 departures in total, a ...

  Abu Dhabi / Emirates Business From December 1, guests flying between Abu Dhabi and Tokyo Narita will enjoy the luxury and comfort of a Boeing 787 Dreamliner when Etihad Airways upgrades its service on the route. The state-of-the-art aircraft, configured in three classes, features the airline’s ground-breaking First Suites, Business Studios and Economy Smart Seats. It will replace the ...