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 Abu Dhabi Fund for Development (ADFD) financed seven development projects in Bangladesh with a total project outlay of nearly half a billion dirhams over the past four decades, with the majority of these projects serving strategically important sectors including industry, energy and infrastructure. Energy and irrigation projects account for about 65% of the total development assistance ...

DUBAI / emirates business Within the context of strengthening cooperation with educational institutions in the UAE and developing an organizational framework to develop such cooperation, the Mohammed bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding (MoU) with American University of Sharjah (AUS) to develop Emirati human resources qualified to work in the fields of space science and ...

RITIKA SHARMA / Emirates Business When Karen A (32) got a call from a bank that she had a loan of AED29,000 to repay in next two months, she could not understand what went wrong. After taking a sip of water and talking to her husband she found out she was a victim of ‘identity fraud’. Soon she recalled submitting ...

ABU DHABI / Emirates Business Hyundai models have gained popularity in all their segments in several Middle East markets. Hyundai Elantra, has been awarded the best Small Sedan at the prestigious Middle East Car of the Year (MECOTY) awards for 2016 awards at the Abu Dhabi National Exhibition Centre (ADNEC). The 3rd edition, the MECOTY is the biggest, most coveted ...

Belgium / AFP Brussels Airport reopened on Sunday with three “symbolic” flights and strict additional checks for passengers, marking a new high-security era for air travel in Belgium after attacks by IS suicide bombers. The key travel hub has been closed since two men blew themselves up in the departure hall on March 22 in coordinated blasts that also struck ...

Sydney / aFp A powerful 6.9-magnitude earthquake struck off Vanuatu, but a tsunami threat passed with no immediate reports of major damage along the coasts of the Pacific archipelago. The quake, initially reported as 7.2 magnitude, struck at a depth of 35 kilometres (22 miles), 81 kilometres north-northwest of the town of Port Olry on Espiritu Santo island in Vanuatu ...

Istanbul / AP Turkish President Recep Tayyip Erdogan on Sunday said he took offence at US President Barack Obama slamming eroding press freedoms in Turkey, expressing sadness that the comments were made behind his back. “I am saddened that these kinds of comments have been made in my absence,” Erdogan told Turkish reporters in Washington as he rounded off a ...

Washington / AFP US presidential primaries spark back to life on Tuesday after an eventful 10-day break with clear frontrunners Donald Trump and Hillary Clinton both facing the real possibility of losing in Wisconsin. Defeat in the north-central state isn’t likely to immediately change the course of the overall nominating contest, but it could serve as an indicator of the ...

Colombia / AFP Tens of thousands of people protested in more than 20 cities across Colombia against President Juan Manuel Santos and his government’s peace process with the FARC guerrillas. The demonstrations come just days after Bogota launched peace talks with the country’s second-biggest guerrilla group, the National Liberation Army (ELN), setting its sights on a total end to a ...

SHANGHAI / Reuters A controversial India-backed giant coal project near Australia’s Great Barrier Reef was on Sunday awarded mining leases, but developer Adani said it would not commit to a final investment decision until legal challenges against it were resolved. The Queensland state government said the Aus$21.7 billion (US$16.7 billion) project to build one of the world’s biggest mines was ...