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

DUBAI / Emirates Business The higher end of Dubai’s real estate market is rather resilient. The luxury property sales market in Dubai has seen an uptick in the volume of transactions from January to June 2019, compared to the same period last year, according to Data Finder, a real estate insights and data platform under the Property Finder Group. Any ...

PUTRAJAYA / WAM Malaysian Prime Minister Dr Mahathir Mohamad on Tuesday received His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The visit which took place at the Prime Minister’s Office in Bangunan Perdana Putra, Putrajaya, was part of the His Highness’ itinerary during his one day ...

ABU DHABI / WAM The UAE has prioritised its efforts to combat human trafficking, which has surpassed basic legislative requirements, by caring for victims and countering the negative effects of the crime. The UAE’s message is in line with its ethical and humanitarian values, especially tolerance, equality and rule of law. The UAE has firmly countered attempts to undermine human ...

DUBAI / WAM Dubai Customs announced its achievements in Q2 of 2019 as a leading customs organisation that supports sustainable economic development in the UAE. “We go above and beyond fulfilling our vision of becoming the leading customs administration in the world, supporting legitimate trade and following the directives and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

DUBAI / WAM Dubai Economy saw a 19 percent increase in consumer complaints during the first six months of 2019, following improved awareness over consumer rights and the ease of access to consumer protection channels. The nationality-wise breakdown of complaints indicates that Emiratis (25 percent) were the top complainants, followed by Indians (16 percent), Egyptians (12 percent), Saudis (nine percent) ...

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of- its-kind initiative in the UAE that allows customers to purchase Shari’ah-compliant investment products using credit cards. Starting 15 August 2019, the new scheme enables Noor Bank credit card ...

Bloomberg China said recent violence in Hong Kong protests was the “creation of the US,” for the first time laying direct blame on Washington as their dispute over the unrest escalates. Chinese Foreign Ministry spokeswoman Hua Chunying made the remark at a news briefing in response to comments by US Secretary of State Michael Pompeo. The top American diplomat had ...

RAWALPINDI / WAM A Pakistani military aircraft on a training flight crashed in a built-up area in the garrison city of Rawalpindi killing all five crew members and 12 civilians and setting off a blaze that left a pile of smoking rubble, Reuters has reported. A statement from the Pakistani military said the aircraft was on a routine training flight ...

Bloomberg At least 52 prisoners were killed during a prison riot in the northern Brazilian state of Para, with 16 of the victims decapitated, according to a statement from prison authorities. The superintendent of the Regional Recovery Center in Altamira, Jarbas Vasconcelas, said that the violence broke out as a result of a territorial dispute between two rival criminal gangs ...

Bloomberg UK Prime Minister Boris Johnson will spend the next few weeks pressing the European Union to negotiate a better Brexit deal, his office said, while preparing the country to leave the bloc in case he fails. A messy no-deal divorce is a scenario that has concerned business leaders and weakened the pound since Johnson won the contest to become ...