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

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.04% to close at 4492.97 points. Accordingly the Market Capitalization has gained AED 308.96 million attaining AED 728.82 billion. A total of 0.79 Billion Shares were traded with a total value of AED 1.19 billion during the trading session of 14-03-2016 through 10559 transactions. The number of companies which ...

VIENNA / Bloomberg IFM Global Infrastructure Fund offered to pay a 21 percent premium to increase its stake in Vienna International Airport as the Australian private-equity investment company seeks stable income from infrastructure operators amid a drop in interest rates. IFM plans to pay 100 euros a share to lift its holding in Flughafen Wien AG (Vienna International Airport) to ...

BEIJING / AFP Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013. Zhejiang Cainiao Supply Chain Management Co. also gained funding from GIC Pte. and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement on Monday. The company ...

Bloomberg Juneyao Airlines Co. aims to double its fleet by 2020, expecting the mid-year opening of Disney’s Shanghai park and more tourist travel to further drive flight demand as the privately run Chinese carrier considers joining a global alliance. “The potential for growth is huge,” Chairman Wang Junjin told reporters Sunday on the sidelines of the National People’s Congress in ...

Bloomberg Nomura Holdings Inc. will raise salaries for employees at its Japanese retail brokerage for a third year. Base pay for about 3,700 workers at the Nomura Securities Co. unit will climb an average 2 percent starting in April, Kenji Yamashita, a spokesman for the Tokyo-based firm, said on Monday by phone. The increase targets younger employees in an effort ...

CHENNAI / Bloomberg In an airfield in southern India, seven planes of the failed Kingfisher Airlines Ltd. rust away — relics of a former billionaire’s ambition and emblems of the complex regulations that hamper Indian aviation. The decaying aircraft, damaged by floods in Chennai late last year, were part of the fleet of India’s once second-largest airline. As authorities try ...

Emirates Business Traditional Chinese Medicine Clinic Beijing TongRenTang is celebrating womanhood this month with a host of exclusive services and treatment packages. In its two comprehensive centres, the clinic has the secret to a healthier life, naturally. Pregnancy or motherhood can be a tumultuous time with a mix of new feelings of excitement, anticipation, and worry. TongRenTang (TRT) helps keeping ...

AFP For 30 years, sanitation worker Nelson Molina kept New York clean —and in the process found beauty in other people’s garbage, rescuing enough condemned items to fill a warehouse. On the second floor of a sanitation truck depot in East Harlem, he has amassed an astonishing collection of thousands of objects once chucked in the bin but now lovingly ...

ALKESH SHARMA / EMIRATES BUSINESS Popularly known as ‘Green Man’, Sudhakar Tomar is constructively supporting agri-business sectors in Middle East, India and Africa for the last over a decade. Based in Dubai Multi Commodities Centre (DMCC), a free zone authority for the JLT Free Zone, Tomar is ensuring that investments in agriculture sector are not only socially and economically sustainable ...

OUR CORRESPONDENT / EMIRATES BUSINESS Canon Middle East, with its headquarters in Dubai, is treating this region with its cutting-edge imaging solutions and video capturing wonders at frequent intervals. Over the years, this brand has made its niche in the burgeoning technology market of the UAE. Recently it has taken the video capturing to newer and greater heights by launching the ...