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 Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. Blurring the boundaries of online and in-mall shopping, integrating indoor and outdoor, and delivering a social experience like none other, the all-new ...

Abu Dhabi / WAM The opening of Warner Bros. World Abu Dhabi reflects positively on the global tourism status of the UAE capital, according to Saif Saeed Ghobash, the Under-Secretary of the Department of Culture and Tourism – Abu Dhabi. “The choice of Yas Island as the home of the world’s first indoor Warner Bros. theme park reflects so positively ...

Dubai / WAM The Government of Dubai Media Office (GDMO), represented by its creative arm, Brand Dubai, signed a Memorandum of Understanding (MoU), with the Roads and Transport Authority (RTA), to undertake beautification projects across the city over the next three years. Under the agreement, the two organisations will establish strategic cooperation to implement public art projects aimed at enhancing ...

Bloomberg North Korea has begun to dismantle a key rocket and engine-testing facility, according to an independent analysis of satellite imagery, a move that could bolster nuclear talks with the US amid signs of strain. North Korean authorities have in recent days started demolishing a building at the Sohae Satellite Launching Station where space-launch vehicles are assembled before launch, according ...

Bloomberg US equities climbed along with European stocks as positive earnings reports boosted investor sentiment, and China’s efforts to support its economy spurred interest in higher-risk assets across Asia. The S&P 500 Index opened higher on Tuesday, as the likes of Boeing and Verizon climbed on strong results. Google parent Alphabet anchored a big leap in tech stocks after beating ...

Bloomberg The pound rose to a one-week high against the dollar after UK Prime Minister Theresa May said she will take control of Brexit talks, as investors bet on a softer exit from the EU. Sterling climbed as much as 0.4 percent to $1.3159, the highest level since July 17, after May said she will lead Brexit negotiations, relegating the ...

Bloomberg The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have plenty left over. The big question ...

Bloomberg Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holdings Ltd, a company run by Nigerian tycoon ...

Bloomberg Ares Management LLC is preparing to raise an energy and infrastructure investment fund with a $1 billion tar-get, according to people with knowledge of the matter. The investment firm co-founded by Chief Executive Officer Michael Arougheti has held preliminary talks with investors about raising Ares Energy Investors Fund VI, said the people, who asked not to be identified because ...

Bloomberg Protectionism is starting to weigh on the euro area’s economy. Growth in the region softened in July on weaker new orders and deteriorating confidence, according to a survey published on Tuesday. More worryingly, companies reported rising prices for raw materials, delivery delays and shortages, suggesting that tariffs — or the threat thereof — are already starting to disrupt global ...