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

ABU DHABI / WAM The value of trade exchange between the UAE and China in 2017 grew to $53.3 billion (AED195.8 billion), compared to $46.3 billion (AED169 billion) in 2016, an increase of 15.1 percent. A report on the non-oil foreign trade exchange between the UAE and China explained that this increase is the result of the rise in re-exports ...

Bloomberg Abu Dhabi investment firm Waha Capital PJSC plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities. “Our strategy is to increase fee income by raising third-party assets under management,” Chief Executive Officer Michael Raynes said in an emailed response to questions. “The focus is to take ...

ABU DHABI / WAM The Ministry of Finance (MoF) launched a smart unified platform service that links all e-revenue collection systems of the federal government, during a workshop by ministry, which saw participation of over 20 federal government entities. The platform was designed to connect all revenue collection e-Systems for Federal Government, which, enhances the delivery of public services to ...

Bloomberg Uber Technologies Inc and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as Uber prepares for a public offering next year, according to three people familiar with the matter. The companies have discussed a number of potential deal structures, but they haven’t come to an agreement on ...

DUBAI / WAM Expo 2020 Dubai is teaming up with UAE-headquartered DarkMatter to deploy advanced cyber security technologies that will help safeguard Expo’s digital experience for millions of visitors and 180 country participants. As Expo 2020 Dubai’s Official Cyber Security Provider, DarkMatter is responsible for overseeing the cyber security of Expo 2020’s entire digital platform, as well as the applications ...

ABU DHABI / WAM The Consumer Price Index (CPI) for the health group rose 3.1 percent to 103 points during the first quarter as compared to the corresponding period last year, according to figures issued by Statistics Centre – Abu Dhabi (SCAD). The figures showed an increase in prices of medical equipment, devices and diagnostic products of 4.7 percent during ...

Bloomberg Polish PM Mateusz Morawiecki faced off against European Union lawmakers over a domestic judicial overhaul that has put a political and legal EU pinch on Poland, which also risks suffering a financial hit as a result of the dispute. In an appearance at the European Parliament, Morawiecki gave an unabashed defense of Polish legislation that forced two-fifths of Supreme ...

Bloomberg French President Emmanuel Macron discussed ways to intensify the battle against terrorism in West Africa during talks with Nigerian leader Muhammadu Buhari. Nigeria’s fight against the nine-year-old Boko Haram insurgency in the far northeast has left more than 20,000 people dead and forced millions to flee their homes. In the semi-arid Sahel region south of the Sahara desert, France ...

Bloomberg Malaysia’s former leader Najib Razak has pleaded not guilty to charges of corruption and criminal breach of trust in connection with a multibillion-dollar scandal surrounding state fund 1MDB. Appearing in the High Court on Wednesday, Najib was granted bail of 1 million ringgit ($247,000) and ordered to surrender his passports. He faces three counts of criminal breach of trust, ...

Bloomberg Germany’s Social Democrats said they’re moving towards a possible deal with Chancellor Angela Merkel to back a policy shift on migration that avoided a breakup of her own party bloc. Differences remained after Merkel and her Bavarian sister party presented the updated refugee policy to the Social Democrats, her junior coalition partner, during a meeting in Berlin. The three ...