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

BLOOMBERG Dubai stocks advanced the most among Middle Eastern equities as the European Central Bank’s monetary stimulus boosted demand for emerging-market assets, adding fuel to bullish sentiment in the emirate. The DFM General Index climbed 1.4 percent to 3,401.03, extending four weeks of gains, the longest streak since April. Emirates NBD PJSC, the emirate’s biggest lender, added 4.6 percent to ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.42% to close at 4491.06 points. Accordingly the Market Capitalization has lost AED 3.04 billion attaining AED 728.51 billion. A total of 0.83 Billion Shares were traded with a total value of AED 1.13 billion during the trading session of 13-03-2016 through 9679 transactions. The number of companies which ...

ALKESH SHARMA / EMIRATES BUSINESS United Arab Emirates (UAE) is globally famous for its unbound luxury and inestimable hunger for excellence. Gauging the immense tourism potential in the Emirates’ market, many overseas companies have set up their base here in a bid to satiate the upscale demands of this region. One such leading name is ‘Magnificent’, a Greece-based ultra-luxury concierge ...

ALKESH SHARMA / EMIRATES BUSINESS Offering unmatched security solutions to UAE-based enterprises, dorma+kaba is aiming to capitalise upon immeasurable business opportunities that this region offer. This Switzerland-based company, which is riding high on its recent merger, is catering to its UAE clients from its Dubai corporate office. Dorma is the trusted global partner for premium access solutions and services, and ...

Emirates Business Saudi Aramco President and CEO Amin H. Nasser called for a new era of industrial diversification, anchored by specialty chemicals, and underpinned by a widespread and rapid in-Kingdom expansion of small to medium enterprises that produce high-value finished and semi-finished products in the petrochemicals conversion sector. This approach will unlock opportunities for the Kingdom’s economic diversification, job creation ...

Bloomberg Iran plans to boost crude output to 4 million barrels a day before it will consider joining other suppliers in seeking ways to rebalance the global oil market. “They should leave us alone” until then, Oil Minister Bijan Zanganeh said, according to the Iranian Students News Agency. “After that we will work with them.” Saudi Arabia, Russia, Venezuela and ...

Emirates Business Saudi Arabia’s ACWA Power International said that it has acquired 70 per cent of Sunrise Solar Energy Psc, which is developing a 50-megawatt solar power plant in Mafraq Governorate, a statement by the Saudi company said. The value of the deal was not revealed, but experts estimate that a plant of such capacity is worth more than $200 ...

Can Thailand’s military government achieve its ambitious 3.5 percent gross domestic product growth target and stave off social instability amid mounting signs of structural economic decline? As exports swoon amid a global slowdown and consumption gasps under high household debts, Thailand’s near-term growth will necessarily be state-led. Whether Prime Minister Prayut Chan-o-cha’s military administration lives up to the policy challenge ...

Lots of Americans, especially Republican-Americans, are pretty steamed about illegal immigration. Stopping it with a big new wall at the Mexican border is one of the signature campaign promises of GOP front- runner Donald Trump. As journalists and others have pointed out, though, the number of undocumented immigrants in the U.S. appears to have peaked in 2007. To put it ...

DHAKA / Bloomberg Bangladesh’s finance minister has pledged to act against its central bank for not informing him about a cyber heist in which hackers broke into a Bangladesh Bank account with the Federal Reserve Bank of New York last month. Abul Maal Abdul Muhith, the finance minister, told reporters in Dhaka on Sunday that he was going to meet ...