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

  Bloomberg Novartis AG is in talks to acquire US generic-drugs maker Amneal Pharmaceuticals LLC as the Swiss health-care company seeks to bolster its Sandoz business amid consolidation in the industry, according to people familiar with the matter. Novartis and Amneal may reach an agreement soon, the people said, asking not to be identified because the deliberations are private. No ...

  Bloomberg Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its industrial software capability. Siemens will pay $37.25 a share in cash for Wilsonville, Oregon-based Mentor, the industrial giant said in a statement on Monday. That’s 21 percent above the closing price on Friday. Elliott ...

  Seoul / AFP Samsung Electronics said on Monday it would buy US auto parts maker Harman International Industries for $8 billion in a bid to enter the growing market for automotive technology to produce “connected” cars. The deal, the biggest in the firm’s history, will provide a chance for the tech titan to move past the exploding Galaxy Note 7 ...

  Relaxnews According to Facebook Messenger product manager Drew Moxon, The Courrier Mail reports, the feature ‘Rooms’, which was been rolled out in Australia and Canada over the weekend, is for “topic-based conversations and so people can talk with others they may not know.” Facebook first launched a standalone app called Rooms back in October 2014, but the project was ...

  Relaxnews Various websites specializing in Samsung news and rumors report that the manufacturer has filed a patent at the Korean Intellectual Property Office (KIPO) that could be a sign of what’s in store from the firm’s upcoming folding smartphone, a product that’s been in the pipeline for several years. The patent details an original hinge system that folds the ...

  Mohammed Al-Moneer / Emirates Business An application delivery controller (ADC) refresh is a great occasion to look to the future and optimize your network for not only the applications you have in place today, but what you will have tomorrow. Odds are the box you’re replacing is out of date and more than five years old. A lot’s happened ...

  ABU DHABI / WAM Aldar Properties has awarded the early works contract for the first phase of ‘Mayan’, a residential development located on Yas Island, to Dutch Foundation and Concrete Rehabilitation Company, WLL. The AED30 million contract provides for shoring, piling and earthworks for Mayan’s 512 apartments which are spread across five buildings. The Abu Dhabi-based full-service engineering foundation ...

  ABU DHABI / WAM Ibrahim Al-Mahmoud, First Deputy Chairman of the Abu Dhabi Chamber of Commerce and Industry, met with a Paraguayan ministerial delegation and discussed ways to enhance cooperation between companies and businessmen from both sides. The delegation included Gustavo Leite, Minister of Industry and Commerce, and Santiago Pena, Minister of Finance. During the meeting, the parties also ...

  DUBAI / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the United Arab Emirates, His Highness Sheikh Mohammed bin Rashid al Maktoum, issued Law No. 15 of 2016 on the regulations issued by the authorities of free zones and special development zones in Dubai. The new Law is applicable to all free zones ...

  ABU DHABI / WAM Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8bn. The number of e-Dirham transactions rose by 20% year on year, to reach 15 million transactions during the first nine months of 2016 as compared to around 12.5 million transactions during the same period in 2015, according ...