The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai /Â WAM Customers no longer have to stand in line for regular customs card for the ‘means of transport and machinery issuance’ procedure. The process has become a lot easier now, as Dubai Customs has deployed an automated, self-service device to issue the card in Port Rashid Customs Centre. Dubai Customs issued a total of 769,000 customs cards ...
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August, 2016
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16 August
Peruvian gold exports to UAE rise 155% in first half
Abu Dhabi / Emirates Business Peruvian gold exports to the UAE reached US$233 million in the first half of 2016, a 155% increase compared to the same period in 2015. Total gold shipments jumped from 42 kilograms in 2015 to reach more than 7 metric tons in 2016, making the UAE the fourth largest destination for Peru’s gold exports, ...
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16 August
All eyes on the ‘Silver State’
Nevada, which calls itself the “Battle Born State,” actually was born prematurely because of Republicans’ anxiety. Now, 152 years later, it again is a subject of their anxiety. Entering 1864, Abraham Lincoln and his party were intensely, and reasonably, in doubt about his re-election. So, scrambling for every electorate vote, Republicans decided to conjure three from thin air — ...
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16 August
Oil market hears what it wants, but it’s just chatter
As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8 percent over the past week or so on the pleasingly oxymoronic notion of a rekindled freeze. The big move came on Thursday when Saudi Arabia’s energy minister, Khalid Al-Falih, indicated the OPEC kingpin was open to taking action to stabilize prices. ...
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16 August
Anbang leaves another target waiting
China’s Anbang Insurance Group is stretching the definition of time with its planned acquisition of U.S. insurer Fidelity & Guaranty Life. It’s been more than 10 weeks since the Beijing-based company withdrew its approval request with the New York Department of Financial Services for its $1.6 billion acquisition of the life insurer, saying it planned to refile “in the ...
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16 August
Innovation key to UAE’s economic diversification
UAE has bettered its global position in innovation. The country ranked first among Arab countries and 41st worldwide in terms of overall performance on 2016 Global Innovation Index, which was announced at the UN headquarters in Geneva. It is up from second in the Arab World and 47th globally in 2015. The Innovation has taken the centre stage as ...
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16 August
European stocks hit 2-week low as carmakers fall
Bloomberg European stocks retreated in thin trading, after briefly paring losses, as a stronger euro weighed on exporters. Carmakers were among the biggest losers in industry groups as subdued prospects for a Federal Reserve rate increase this year weakened the dollar, sending the euro higher. Volkswagen AG slipped 1.7 percent after a report the US Department of Justice was ...
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16 August
Qatar leads Gulf up, Dubai testing chart barrier
Bloomberg Qatar’s stock market led the Gulf higher early on Tuesday, boosted by a surge in blue chips such as Qatar National Bank (QNB), while Dubai tested technical resistance. The Qatari stock index climbed 2.1 percent as QNB, the country’s biggest bank, jumped 4.4 percent to 165.00 riyals in unusually heavy trade, rising above resistance on last September’s peak ...
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16 August
Emerging-market bull momentum stalls as Dudley warns on rates
Bloomberg A rally in emerging-market assets ran out of steam after a Federal Reserve official said markets are underestimating the likelihood of a U.S. rate increase this year. The MSCI Emerging Markets Index surrendered a ninth day of gains after New York Fed President William Dudley said borrowing costs could go up as soon as next month. The currency gauge ...
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16 August
DFA ranks as world’s most attractive business acceleration programme
Dubai / Emirates Business The Dubai Future Accelerators (DFA) programme received an unprecedented number of submissions for the first cycle of its programme, which begins September 12. Over 2,200 companies from 73 countries, on all 7 continents, applied to be a part of the first cycle of the program; including one submission from scientists in Antarctica! Applications poured in ...
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