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

Bloomberg The strength of Spanish consumers helped maintain momentum in the fourth quarter as an inconclusive election result led to political gridlock. Household consumption showed signs of resistance expanding 0.8 percent from the previous three months, when it grew 1.1 percent, the Madrid-based National Statistics Institute said on Thursday. Gross domestic product expanded 0.8 percent in the three months to ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.37% to close at 4239.35 points. Accordingly the Market Capitalization has lost AED2.56 Billion attaining AED687.68 Billion. A total of 0.65 Billion Shares were traded with a total value of AED0.66 Billion during the trading session of 25-02-2016 through 7094 transactions. The number of companies which has been traded ...

London / AFP European stock markets rebounded on Thursday despite another slide for Chinese share prices, as investors looked ahead to a key meeting of finance ministers to discuss strains in the global economy. London’s benchmark FTSE 100 index rallied to stand 2.0 percent higher in late morning deals. In the eurozone, Frankfurt’s DAX 30 won 0.8 percent and the ...

Tokyo / AfP Tokyo shares rose in early trading on Thursday as a weaker yen provided support to exporters following a positive lead from Wall Street as oil prices rebounded from steep falls. US stocks pushed higher on Wednesday as crude prices stabilised, with both US and Brent closing modestly higher following Tuesday’s slump of more than four percent. Higher ...

Washington / AP Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales ...

VANCOUVER / Bloomberg Three times a week Neil Valsangkar escapes Canada’s most expensive real estate market by paying C$100 ($73) for a 20 minute float plane ride to his Vancouver office from his home across the Salish Sea. The 50 kilometer (31 mile) aerial commute allows the father of three to live in Nanaimo, British Columbia where homes cost about ...

ALKESH SHARMA / EMIRATES BUSINESS Information technology networks in the country now have a new bug to fight. The malware which is already spreading havoc in the American and European corporate world is posing serious threats to companies in the UAE and Middle East. Industry experts have sounded an alert against ‘Locky’ — as it is named — which is capable ...

RITIKA SHARMA / Emirates Business Taxis, fashion brands and now airlines – you cannot get enough of this young nation when it comes to women. From earning global recognition for respecting women to having a higher number of female university graduates than their male counterparts, UAE has shown the world that it is more than committed to raising the status ...

Emirates Business From assembling a model of the Airbus A380, the world’s largest passenger aircraft to carry out a simulation of a launch mission to space, more than 30 female students from the UAE got an opportunity to participate at the Airbus Little Engineer workshop held alongside the Global Women’s Forum in the UAE. The workshop conducted by Airbus Middle ...

Abu Dhabi / EMIRATES BUSINESS The ultimate record-breaking roller coaster ‘Flying Aces’ launched on Wednesday at Ferrari World Abu Dhabi, delivering a unique, adrenaline-fueled experience for roller coaster lovers and thrill seekers alike. The exciting new ride was unveiled at an exclusive launch event attended by HE Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism & Culture Authority, and Mohamed ...