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

  Bloomberg Technology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and just because they could. Bond buyers fleeing negative yields on government debt in Europe ...

  Bloomberg Google parent Alphabet Inc. has sold $2 billion of bonds, joining a rush of issuance from technology companies that have already raised more than $100 billion this year. In its first trip to the bond market in more than two years, the Internet giant sold 10-year notes to repay short-term debt, according to a person familiar with the ...

  Bloomberg Nokia Oyj Chief Executive Officer Rajeev Suri raised the target for cost savings from the acquisition of Alcatel-Lucent SA as he tries to support earnings after second-quarter sales trailed analysts’ estimates. Sales dropped 11 percent on a pro forma basis to 5.68 billion euros ($6.33 billion), compared with an average analyst estimate of 5.87 billion euros. Adjusted earnings ...

  DPA If you’re a parent, you know the importance of having college and wedding funds. Now, if you want to be on the cutting edge of financial planning, you’ll also want to invest in a travel fund. “We’re looking at a generation of parents who have been lucky enough to travel themselves, and they want to have that for ...

DUBAI / WAM Dubai International Airport announced that air traffic returned to normal after a delay of several hours after Emirates’ flight EK521, coming from Thiruvananthapuram in India to Dubai, was involved in an incident at the airport this afternoon. A FEDEX aircraft was the first to take off from the airport while an Emirates flight also landed at 6:43pm ...

  Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, today announced that more than 30 undergraduate students, half of them UAE nationals, are currently interning with the research-based institution.

  DUBAI / WAM Emirates is to resume flights from Dubai to Conakry, the capital of Guinea, from October 30. The airline said on Tuesday that the flight to Conakry will be linked to Emirates’ four times weekly service between Dubai and Dakar. A Boeing 777-300ER aircraft was introduced on the route between Dubai and Dakar on Wednesday (August 2) ...

  AJMAN / WAM Ajman Free Zone launched its newest product, ‘The Business Centre’, a kick-starter pack for those looking to open companies in the country. The plan aims to contribute towards aiding entrepreneurs in establishing companies, and increase the rate at which companies start up in the city. It intends to do this by offering prices that are less ...

  As Russian intelligence agencies escalate their use of the US-created internet as a tool of political sabotage, it’s haunting to recall the famous communist dictum: “The capitalists will sell us the rope with which we will hang them.” Against this menacing background, the subject of internet governance — long an arcane topic of discussion among geeks and technologists — ...

  The saying goes like this: counting other people’s sins does not make you a saint. And it defines Donald Trump, the Republican presidential candidate. Trump, a political neophyte, has attacked anything and everything during his primary campaign preceding nomination. He is uncouth, impulsive and belligerent. And he does not mince words. And yes, he shoots from the hip. Many ...