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

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday honoured a number of Emirati heroes of national duty in recognition of their significant efforts to advance humanitarian work overseas. Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the ...

ABU DHABI / WAM In a joint effort, the UAE and Saudi Arabia have pledged $200 million in relief assistance for Yemenis for the Holy Month of Ramadan. During a press conference held at the Foreign Correspondents Club of the UAE on Monday, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, announced the third KSA-UAE Humanitarian Response ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), announced changes in the marine transit network of Dubai Creek as part of its continues efforts to improve service and convenience. “The restructuring of marine transport lines and stations of Dubai Creek is part of our strategic plan to fulfill the needs of marine transport users. Lines have been increased from one ...

Dubai / WAM The membership database of the Dubai Business Women Council (DBWC), has grown by 10 percent in the first quarter of 2019, bringing the total number of members to 949, up from 864 by the end of 2018, according to DBWC announcement. The significant increase in the membership database reflects the important role played by the council in support ...

Bloomberg US stocks halted the longest rally since 2017 as investors awaited signs of progress in the trade war with China ahead of the latest corporate earnings season. Treasuries dropped, while West Texas crude hit a five-month high. The S&P 500 edged towards its first decline in eight sessions, as the post-Christmas rally stalled with the index about 1.5 percent ...

Bloomberg Pound traders appear undaunted by the lack of Brexit clarity even with just days left for Britain to officially leave the European Union. The UK currency was up on Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there’s little panic even as the April 12 exit date draws closer. Investors are increasingly ...

Bloomberg President Donald Trump’s top economic adviser says the US and China are “closer and closer” to a trade deal, and that top-tier officials would be talking again this week via “a lot of teleconferencing.” Larry Kudlow’s “guarded optimism, maybe more than guarded optimism” on CBS’s “Face the Nation” came after China’s state-run Xinhua news agency reported that progress was ...

Bloomberg The parent company of Gree Electric Appliances Inc is considering selling almost all of its stake in the Zhuhai-based Chinese appliance giant in a deal that could be worth up to $6.4 billion. A 15 percent stake will be sold at a price no less than the average stock price of the last 30 trading days, Gree Electric said ...

Bloomberg Singapore’s financial regulator said it hasn’t uncovered any impropriety by DBS Group Holdings Ltd in arranging the sale of securities by troubled Singaporean water and power company Hyflux Ltd in 2016. DBS, Southeast Asia’s biggest lender, complied with regulatory requirements as both manager and distributor of the perpetual securities, the Monetary Authority of Singapore said. Hyflux scrapped a pact ...

Bloomberg One of China’s top commodity traders, Tewoo Group, is selling copper at below market rates as it grapples with a liquidity crunch, according to people with knowledge of the matter. The company, which is owned by the local Tianjin government, is offloading some refined copper stocked in bonded zones as it unwinds financing deals with some banks, said the ...