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

  Bloomberg Microsoft Corp. is offering up a new server design that it hopes will influence the rest of the data-center industry, a move that keeps pressure on hardware vendors like Hewlett Packard Enterprise Co. to lower the price of cloud infrastructure. An earlier design by Microsoft now accounts for 90 percent of the company’s data center server purchases, underscoring ...

  Emirates Business BHP Billiton Ltd., the world’s biggest miner, is hot for electric vehicles. The Melbourne-based resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there’ll be a surge in demand for some of its products as consumers opt for electric vehicles, or EVs, and other renewable energy technologies. ...

  Bloomberg What’s in your jeans? A rogue’s gallery of unpronounceable chemicals whose effects on humans are suspect. Perfluorochemicals, phthalates and azo dyes are among the substances that are widespread in making clothes. Under pressure from consumers demanding safer alternatives to harmful chemicals, American companies including Levi Strauss & Co. are taking a more European approach. The European Union has ...

  Bloomberg Get ready for some cashew sticker shock. The global popularity of the kidney-shaped nut has been growing faster than any other tree nut — even almonds. Demand jumped 53 percent since 2010, industry data show. Now the worst drought in a century for Vietnam, the largest exporter, is raising concern that supplies will be even tighter in a ...

  ABU DHABI / WAM Mubadala Petroleum reached an agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (Jasmine FPSO), which paves the way for the continued extension of the field life of this successful development. The parties signed a new ‘life of field’ agreement for the provision of ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued, in his capacity as Ruler of Abu Dhabi, a law on regulation of deep water resources in the emirate of Abu Dhabi. According to the law, the deep water resources in the emirate of Abu Dhabi, shall be owned by the emirate. It stipulates that ...

  Dubai / EMIRATES BUSINESS The Department of Economic Development (DED) in Dubai saw a 10% increase in permits issued for various business activities during the third quarter of 2016, compared to the same period in 2015. Altogether, 39,000 permits were issued in Q3 2016 as discount sales and special offers grew 213%, reaching 1,647 from the 526 permits issued ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC), a non-profit consortium supported by founding members Etihad Airways and Boeing, along with Takreer, SAFRAN and General Electric, on Monday announced it is to organise the first International Seawater Energy and Agriculture Forum 2016 in Abu Dhabi. To be held on November 1-2 ...

  ABU DHABI / WAM National Bank of Abu Dhabi (NBAD) won two industry awards, taking its tally to more than 100 recent industry accolades for its capital markets business, more than any other bank in the Middle East. The Banker magazine has named NBAD, “Most Innovative Investment Bank in the Middle East 2016”. This is the first occasion this ...

  ABU DHABI / WAM Etihad Cargo recently hosted an Italian Business mission in Abu Dhabi, offering the key industry players an opportunity to learn more about the United Arab Emirates and the Etihad Aviation Group, while promoting partnership and business opportunities. The event was co-hosted by Etihad Global Cargo Management Company (Etihad GCMC) and the Abu Dhabi Chamber of ...