The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Abu Dhabi / WAM The key initiatives launched by UAE since the start of the year reflect the country’s vision to combat extremism and promote openness with other cultures, making it a leading regional and international centre of spreading these values, through hosting major conferences and forums attended by influential intellectuals and scholars. Specialist events and initiatives organised monthly by ...
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November, 2019
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5 November
Gitex generates AED1.6b in economic output for Dubai
Dubai / WAM Gitex Technology Week continues be a strong catalyst that accelerates the region’s growing global status as a pioneering market in technology adoption. The show’s growing contribution to Dubai’s economy is attested by the results published in the Gitex Technology Week Economic Impact Assessment 2019 Report issued on Tuesday by DWTC. With a significant AED1.6 billion in revenue ...
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5 November
AFZ sponsors fifth edition of UAE-India economic forum
Ajman / Emirates Business Ajman Free Zone (AFZ) was a main sponsor of the fifth edition of the UAE-India Economic Forum held at the Waldorf Astoria, DIFC. Abdullah Ahmed Al Saleh, Undersecretary for Foreign Trade & Industry, Minister of Economy was guest of honour at the event. The well-attended event brought 500 delegates from India, the UAE and other key ...
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5 November
Japan wants to keep India in China-backed Asia trade pact
Bloomberg India’s exit from RCEP regional trade talks appeared to leave China and Japan at odds over whether to press ahead with the remaining members, or to try to find a workaround that includes PM Narendra Modi’s government. India announced it was withdrawing from the China-backed Regional Comprehensive Economic Partnership (RCEP), citing the deal’s potential impact on the livelihoods of ...
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5 November
India refuses to waive $13b of telecos’ dues
Bloomberg India won’t back down from collecting $13 billion of past dues from debt-laden telecom carriers because the industry is not under stress, a government official with knowledge of the matter said, a move that could deepen Bharti Airtel Ltd and Vodafone Idea Ltd’s financial woes. India expects the carriers to pay up within 90 days as ordered by the ...
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5 November
Beijing braces for smoggy winter yet again
Bloomberg Beijing is getting ready for another gray winter after China eased air quality targets, signalling the government is focusing on bolstering slowing growth at the expense of cleaner air. In September, the government eased its target for a key air quality indicator in northern China, including industrial areas surrounding the capital. It is seeking a 4% drop in concentrations ...
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5 November
Vietnam fines VW for car with disputed China map
Bloomberg Vietnam will fine Volkswagen AG’s local distributor and an importer for showcasing a car with a navigation app reflecting Chinese territorial claims rejected by Hanoi. VW Vietnam Auto Co faces a penalty of 20 million to 40 million dong ($860-$1,724), while World Auto Co will be fined 40 million-60 million dong and suspended from operating for six to nine ...
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5 November
MSCI may axe debt-laden Indian firms from indexes
Bloomberg India’s debt-burdened companies could get kicked out of MSCI Inc’s benchmark index later this week. Highly indebted companies including Vodafone Idea Ltd, Indiabulls Housing Finance Ltd and Glenmark Pharmaceuticals Ltd are likely to be removed from the MSCI India Index, according to brokers. Most of these companies have seen a sharp erosion in their market values in the wake ...
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5 November
Tourists are avoiding Delhi as air pollution hits record high
Bloomberg Business travellers and tourists are avoiding New Delhi, as air pollution in India’s capital reached record levels, travel agents said. Booking inquiries for hotels and flights to New Delhi have slumped since the Hindu festival of Diwali on October 27, said Sharat Dhall, chief operating officer of the business-to-consumer segment at Yatra Online Inc. Bursting of firecrackers as part ...
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5 November
Tata Power, Rockefeller Foundation plan 10,000 microgrids across India
Bloomberg Tata Power Co. Ltd., in collaboration with the Rockefeller Foundation, plans to develop 10,000 microgrids in India to boost access to affordable and reliable electricity to homes and enterprises across the nation’s vast rural areas. Tata Power will set up a new unit, TP Renewable Microgrid Ltd., to build the microgrids through 2026 that will serve nearly 5 million ...
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