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 Dubai will become a multi-billion dollar magnet for stone trade suppliers from around the globe next month as massive urban growth and infrastructure development continues to make the Middle East one of the world’s highest spending construction markets. According to market analysts BNC, a raft of new mega projects valued at $29.19 billion were launched in ...

SHARJAH / WAM Expo Centre Sharjah will host a variety of major international events, which includes economic and cultural exhibitions and conferences, during the fourth quarter of this year. The agenda of events will begin with the MidEast Watch and Jewellery show in October and end on December 14 with the China Trade Week. The centre’s list of upcoming exhibitions ...

ADEN / WAM While military operations are measured by the liberation of towns under Houthi control, the pace of change in Yemen is being driven by ordinary people. Speaking to the Emirates News Agency (WAM), local Yemenis spoke of their relief at being free from Houthi oppression and of how the efforts of the legitimate Yemeni government and the Arab ...

HODEIDAH / WAM The Emirates Red Crescent (ERC) launched a project to dig an artesian well in Al Waa’ra in Khawkhah District, Hodeidah Governorate. The project is part of the UAE’s efforts to provide safe drinking water to the people of Yemen, and fulfil the needs of the residents of the country’s liberated areas who are suffering from a lack ...

DUBAI / WAM Dubai Parks and Resorts has announced that it signed a strategic partnership with Chinese payment gateway UnionPay to provide marketing services and facilitate payments for cardholders visiting the UAE. The partnership between Dubai Parks and Resorts and UnionPay started on August 1 and target the growing number of Chinese visitors. Commenting on the partnership, Ahmed Al Rayyes, ...

DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority, and master developer of Jumeirah Lakes Towers, on Sunday announced that the construction of Uptown Dubai is proceeding at pace with the completion of piling and raft works for the first super tall tower at the district. The last few months have seen more than 150 ...

SHARJAH / WAM Thirteen UAE-based female entrepreneurs have started their social entrepreneurship training journey with the pilot edition of Badiri Social Entrepreneurship Programme (BSEP), which kicked-off in the UK. BSEP is the brainchild of Sharjah-based NAMA Women Advancement Establishment’s education and capacity building arm, Badiri Education and Development Academy, and the School for Social Entrepreneurs (SSE). Through their collaboration on ...

Bloomberg US stocks are vaulting back to all-time highs. But the smart money isn’t celebrating. Instead, they’re nursing pain. Hedge funds have seen returns dwindling even as the S&P 500 Index marches forward in what has become, by some measures, the longest bull market ever. An index tracking the performance of funds focusing on equities has fallen in five of ...

Bloomberg Don’t hold your breath for a US exchange-traded fund that invests in Bitcoin. Prospects for such a fund took a nosedive when the Securities and Exchange Commission rejected requests to list nine cryptocurrency funds, citing continuing concerns about manipulation and market surveillance. Hester Peirce — one of four commissioners currently at the SEC — has since said the agency ...

Bloomberg The trade war between the US and China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand — and they’re set to unleash a fall offensive. Talks in Washington this week yielded little visible progress towards a ceasefire between ...