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

DUBAI / WAM Emirates Islamic has received two awards at the Banker Middle East Product Awards that took place in Dubai. The bank claimed the ‘Best Mobile Banking app’ award and also won ‘Best Islamic Card’ for its Emarati Credit Card that is customised to meet the needs and lifestyles of the UAE’s national customers via exclusive privileges and offers. ...

Abu Dhabi / Emirates Business The connected aircraft, enabled by satellite communications, has the potential to save airlines $15 billion annually in operational efficiencies and 21.3 million tonnes of CO2 emissions by 2035, according to first-of-its-kind research from the London School of Economics and Political Science (LSE) in association with Inmarsat, the world’s leading provider of global, mobile satellite communications. ...

Bloomberg BOE Technology Group Co.’s stock market reversal is dramatic even by China’s outsized standards. It took less than a year for the Apple Inc. supplier to go from one of the nation’s best-performing stocks to among its worst — a precipitous selloff that may not be over. China’s largest maker of screens for TVs and phones shed more than ...

Bloomberg Deadly dust storms sweeping over the densely-populated north Indian plains are part of a “new normal” of disruptive weather events worsening the country’s already-lethal air pollution and causing disruption in the $2.3 trillion economy. In recent months, dust clouds and storms have killed hundreds of people, destroyed thousands of homes and farmers’ crops and led to flight cancellations. The ...

Bloomberg Mercari Inc. soared on its first day of trading on the Tokyo Stock Exchange, underscoring investor optimism in its prospects. Shares of the Japanese online marketplace traded at around 5,300 yen in Tokyo on Tuesday, rallying from the 3,000 yen price at the initial public offering on June 11. Mercari raised $1.2 billion, Japan’s biggest for a technology company ...

Lausanne / Emirates Business The second edition of the IMD World Digital Competitiveness Ranking 2018 saw a slight improvement in the global ranking of the UAE, allowing it to reach 17th place, and lead its Arab neighbours in the report. The IMD World Digital Competitiveness Ranking 2018 studies 63 economies. This year the majority (29) of countries in the study ...

HODEIDAH / WAM The Joint Yemeni Resistance Forces have successfully gained control of large parts of Hodeidah Airport in a qualitative and surprising military operation that destroyed the defences of the Iranian-backed Houthi militias, amid the escape of a large number of militias, and the killing of dozens under a barrage of fire of resistance with the participation and support ...

HODEIDAH / WAM Arab Coalition Forces have stated that Iranian-backed Houthi militias in Yemen have directly targeted civilian populations in the Tehama region, north-west of Hodeidah. Coalition Forces asserted that the purposeful targeting of civilians and residential areas by the Houthi militias is in direct violation of the Fourth Geneva Convention and have therefore broken International Humanitarian Law relative to ...

SHARJAH / WAM The Sharjah Department of Statistics and Community Development (DSCD), announced the launch of a new economic survey project, which aims to offer a real-time analysis of sector-by-sector growth and transformation in the emirate, highlighting the changing economic milieu and the key factors responsible for Sharjah’s continued growth. The survey will focus on the role and percentage contribution ...

Dubai / WAM Dubai International Financial Centre (DIFC), announced on Tuesday that it is entering a partnership with Startupbootcamp, to support the development of the growing FinTech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region. With over 1,853 active registered companies and a Fintech community of over 45 firms as well as numerous ...