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

To sustain the competitive edge, the banking sector in the UAE has to digitize to keep pace with international standards, and retain customer base as well as reach out to young customers through the social media networking. Corporate banks that will lag behind the digitization process could risk drop of profits, and hence lose qualified staff compared to other competitors ...

Barron’s cover story this weekend asked, “Trump and Sanders: Are They Killing the Stock Market?” Noting the correlation between the rise of so-called outsiders and movement in the equities markets, the business weekly said, “US stocks have fallen sharply since Trump and Sanders began rising in popularity in the polls. It could be more than coincidence.” The story hits upon ...

China is going to set up its first air squadron in Antarctica in 2016, China Daily reports, citing the State Oceanic Administration. The squadron will support China’s ongoing scientific explorations in the Antarctic. As China Daily noted, China currently has 277 researchers in Antarctica, working out of four research stations. The SOA didn’t provide details about the squadron, other than ...

DUBAI / Emirates Business Dubai Customs has effectively contributed to the growth of food trade by providing quality Customs facilities for this sector, and ensuring speedy customs clearance of all its shipments, in order to cater to the food needs of the community without unnecessary delays. Figures released by Dubai Customs, in parallel with Gulfood 2016; the world’s largest annual ...

ABU DHABI / Emirates Business Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi Government to facilitate public-private partnerships for empowering youth across the UAE, and Abu Dhabi Islamic Bank (ADIB) have partnered in support of financial literacy through Emirates Foundation’s programme, ‘Esref Sah’, which aims to educate youth on ways to manage their current and future financial ...

Dubai / WAM A delegation from the University of Sharjah (UoS) recently visited the Roads and Transport Authority (RTA) in Dubai to review the best practices adopted in asset management starting from the stage of planning for the procurement of new assets and several other stages such as tracking, stocktaking, numbering and replacing of assets. Visitors also learnt about the ...

Dubai / WAM The price of Oman Crude Oil Financial Contract, DME Oman, for April delivery, closed at US$29 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. DME Oman crude oil is a benchmark for pricing crude oil by the countries that produce it, and it gives them a differential price that reflects the quality of the ...

Abu Dhabi / Emirates Business The Department of Economic Development (DED) Abu Dhabi, has stressed its commitment to implementing initiatives and projects that aim to improve cooperation and coordination with its strategic partners in the government, semi-government and private sector, to improve commercial licensing procedures and develop a more attractive investment environment in the Emirate of Abu Dhabi. The DED’s ...

Dubai / WAM Dubai International Airport (DXB) and Dubai World Central (DWC) have become the first airports in the GCC states to achieve Level 2 accreditation from the Airports Council International’s Airport Carbon Accreditation Programme. With Level 2 achieved, DXB and DWC are now in the list of 14 Level 2 accredited airports, representing more than 10 percent of the ...

Abu Dhabi / WAM A 35-member high level business mission from the UAE government has visited the Republic of Singapore to explore strategic investment partnerships and strengthen trade exchange. The mission comprised key representatives from the government, public and private sectors. Headed by Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry Affairs, the UAE ...