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

Must a safer banking system inevitably be less dynamic? Judging from the experience of the US and Europe since the 2008 financial crisis, not necessarily. Bank executives typically portray efforts to shore up the financial system as a trade-off, in which greater resilience means less of something good. They often warn, for example, that requirements to increase capital buffers will ...

It’s time India’s policy makers acknowledged the real problem facing the country’s shadow banks. What they are experiencing is no longer a vanilla liquidity shortage; the entire industry has crashed against a wall of mistrust. On the other side of that wall are a clutch of wealthy property developers and their middle-class customers, as well as teeming multitudes of poor. ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday launched the Dubai International Best Practices Centre (DIBPC) on the sidelines of the World Government Summit, being held at Madinat Jumeirah, Dubai. The Crown Prince of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

Dubai / WAM The United Kingdom is seeking to grow the number of UK universities in the UAE as well as to learn from the UAE e-government programme model, according to Nadhim Zahawi, Member of Parliament and Minister Responsible for Special Education Needs in UK. “Education is a big export for us and big partnership with the UAE. There are ...

Abu Dhabi / WAM Effective July 1, Etihad Airways will operate the Airbus A380 on its daily service linking Abu Dhabi and Seoul. The South Korean capital’s Incheon airport now joins London Heathrow, Paris Charles de Gaulle, New York JFK and Sydney as a destination served by the airline’s award-winning aircraft. Robin Kamark, Chief Commercial Officer, Etihad Aviation Group, said, ...

Abu Dhabi / WAM At a time when oil is still a very important ingredient for the UAE economy, Dubai sets an example of “Service-driven” and “Tourism-driven” economy. Jose Angel Gurria Trevino, the Secretary-General of the Organisation for Economic Co-operation and Development, OECD, says “Dubai is now mostly service-driven; tourism-driven at the time oil is still a very important ingredient ...

Abu Dhabi / WAM Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), visited Abu Dhabi Future Energy Company (Masdar) to witness the progress of Abu Dhabi’s flagship sustainable urban community, Masdar City, and learn how investment in youth is helping the UAE to deliver on the UN Sustainable Development Goals. She also toured Khalifa University of Science ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), was honoured on Monday with the “International Lifetime Achievement Award” for his outstanding contribution to the global energy industry. The award was presented to him by Narendra Modi, Prime Minister of India, at the Petrotech energy ...

Abu Dhabi / wam Department of Economic Development Abu Dhabi (Added), is currently preparing a study to regulate and develop licencing mechanisms for food-vending mobile vans (Food Trucks) under “Tajer Abu Dhabi License”. The study represents one of the initiatives in support of the Abu Dhabi economy package aiming to facilitate doing businesses and supporting the private sector. The study is ...

abu dhabi / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), and the Casablanca Finance City Authority (CFCA), signed a Memorandum of Understanding (MoU), to foster closer collaboration among the UAE, Morocco and Africa and jointly promote the development of financial services in the respective markets. The MoU was signed by Dhaher bin Dhaher Al Mheiri, CEO of ...