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

  Bloomberg UK house prices may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax. The mortgage lender sees housing demand easing in 2017, partly as tax changes and stricter underwriting standards restrict buy-to-let investment. It also highlighted the market in London, saying adverse affordability means the ...

  Bloomberg Supporters of Britain’s exit from the European Union wrote to business groups in the 27 other nations in the bloc urging them to push their governments for a “sensible agreement” for trade after Brexit to avoid disrupting trade. “Many EU member states export significant amounts of goods to the UK and the erection of barriers to this trade ...

  Bloomberg Home prices in 20 US cities maintained a steady pace of increases in October while a gauge of nationwide property values rose by the most since mid-2014, according to S&P CoreLogic Case-Shiller data released. 20-city property values index rose 5.1 percent from October 2015 (forecast was 5 percent) after a 5 percent gain in the year through September. ...

  Bloomberg Apple Inc.’s quest to adopt advanced displays for its next-generation iPhone hinges on a single supplier in the Japanese countryside. Canon Tokki Corp., surrounded by rice fields in the city of Mitsuke in Niigata prefecture, has a near monopoly on the machines capable of making screens with organic light-emitting diodes, which enable sharp, vibrant displays that use less ...

  Relaxnews With only a few days to go before the international Consumer Electronics Show (CES) in Las Vegas (January 5-8, 2017), South Korean manufacturer LG has caused a stir with a surprising bluetooth speaker that ‘hovers’ in midair. No, it’s not just a vision statement but an actual object. LG plans to mesmerize visitors to the next CES with ...

  Relaxnews E-commerce giant Amazon has revealed the best-selling products across Amazon this year, boasting record-setting sales of its Echo gadget line. According to the company, customers “gifted a record-setting number of devices from the Amazon Echo family, with sales up over 9x compared to last year’s holiday season and millions of Alexa devices sold worldwide this year”. The Echo ...

  Relaxnews Samsung Malaysia released an image via the social media network, with water droplets which read “IT ALL BEGINS WITH A. HOLD YOUR BREATH” — hinting that the Galaxy A(2017) will be able to survive being dropped in water. If the teaser rings true, the Galaxy A(2017) will boast an Ingress Protection rating of IP68, and will follow in ...

  Bloomberg Nintendo Co.’s debut game for smartphones is turning out to be anything but super. Since its release, Super Mario Run has shot to the top of download charts in more than 100 countries as tens of millions celebrated the iconic video game character’s arrival on iPhones. Yet problems emerged almost immediately, with thousands vigorously complaining that the three ...

  DUBAI / WAM The UAE is an active key player in shaping the future through accelerators, innovation and adoption of scientific and modern technologies, said Saeed Mohammed Al Tayer, CEO and Managing Director of Dubai Electricity and Water Authority, DEWA. “The UAE’s leaders give high priority to efforts to anticipate and shape the future,” he said in his keynote ...

  DUBAI / WAM Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region. A new company will be created under a partnership agreement signed recently. It will be affiliated and owned by Gulf Navigation ...