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

DUBAI / WAM The Roads and Transport Authority (RTA) in Dubai announced the completion of key tunneling works of Route 2020 Project stretching 3.2 km at a depth ranging from 12 to 36 metres. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, said, “The tunnel-drilling works commenced last October as the giant Tunnel ...

WASHINGTON / WAM The United Arab Emirates (UAE) launched a National Summary Data Page (NSDP), becoming the first Gulf Cooperation Council (GCC), country to implement the recommendations of the enhanced General Data Dissemination System (e-GDDS). The NSDP is a national data portal that serves as a one-stop vehicle for publishing essential macroeconomic data in both human and machine-readable formats. The ...

DUBAI / WAM Emirates Institute of Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, in association with leading UAE banks and insurance companies, launched the EIBFS Fintech Training Lab seeking to enhance access to skills training in the latest digital technologies such as Blockchain, AI, IoT, Big Data, Cloud, Application Programme Interface and ...

Abu Dhabi / WAM With the support and participation of the Government of the UAE, Egypt will host the Egypt Government Excellence Conference 2018. Sponsored by Egyptian President Abdel Fattah al-Sisi, the country’s first event of its kind seeks to modernise government work, activate a strategic partnership and facilitate exchange of experience between the two countries with the aim of ...

President Trump has hurled so many thunderbolts recently that people may have missed the one that could have the greatest long-term impact on America’s national security — his directive to the Pentagon last week to start creating a new military service that he dubbed the ‘space force.’ It’s certainly a Trumpian idea: big and bold, with a Hollywood glitz factor; ...

Europe’s leaders will face an awkward truth when they meet at a crucial summit on July 5. For much of the past decade they’ve been able to duck difficult decisions, secure in the knowledge that the European Central Bank (ECB) would step in and fix things. Mario Draghi did this repeatedly, first by providing a backstop to the monetary union ...

In a speech to a joint session of Congress shortly after his inauguration, President Donald Trump praised Harley-Davidson, the storied motorcycle manufacturer, as a great American company — the kind he most wanted to see succeed. Less than two years later, he is threatening to punish the firm for doing its best to survive his policies. This absurd turn of ...

The Chinese government has given the world’s airlines until July 25 to recognize Taiwan as part of China. So far, Delta Air Lines Inc. and American Airlines Group Inc. are among the very last holdouts. According to Bloomberg News, if the companies don’t comply, China could “prompt travelers from the mainland to boycott American airlines.” The airlines are understandably concerned ...

Each side of the UK’s 2016 Brexit debate peddled an economic narrative. Remainers warned of big economic costs from leaving the European Union. Leavers promised Brexit dividends: budget savings to be spent on the National Health Service (NHS), freedom from red tape, ‘frictionless’ EU trade and a host of new trade deals that would be a boon to exporters. These ...

One of my mottos is: Don’t criticize something unless you have a better idea. I’ve decried President Donald Trump’s tariff tactics, so it’s only fair I offer my own strategy for fighting a trade war with China — one with a bigger chance of success and smaller downside risk. Trump is right about China but wrong in his method. Yes, ...