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

Dubai / WAM Dubai South and Dubai Quality Group (DQG) signed a Memorandum of Understanding (MoU) to strengthen their cooperation in exchanging expertise, enhancing quality and excellence, developing institutional performance, and providing mutual support. In line with the MoU, the parties have committed to work together towards elevating institutional performance and adopting quality standards and excellence in the former’s initiatives ...

Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Monday reported its financial results for the first nine months ending September 30, 2017. The net profit for 9M 2017 stood at AED1.7 billion, a 12% increase YoY. The impairment allowance was down by 30% YoY, while operating expenses were lower by almost 2% on ...

Abu Dhabi / Emirates Business A technical delegation from the Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, visited Albania to review the status of three of its financed ventures – the Tirana River Rehabilitation project, Tirana River Northern Boulevard project, as well as the Tirana-Elbasan Road project. During the visit, the delegation toured the ...

SHARJAH / WAM The United Arab Bank (UAB) announced its financial results for the nine months ended September 30, 2017, reporting a net profit of AED50 million. The performance in the third quarter reflects continued positive traction against the Bank’s Transformation Strategy set out in H2, 2015 to become a safer, stronger and sustainable Bank. The bank continued to strengthen ...

Abu Dhabi / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi, on Monday launched Sustainability Week at the cruise terminal in Mina Zayed. The three-day event is being held in collaboration with Emirates Global Aluminium (EGA) ...

Umm Al Quwain / Emirates Business It has been a year of celebrations at Dreamland Aqua Park as it completed 20 successful years welcoming and taking over ten million visitors to the edge of thrill and excitement. Mega surprises were lined up for families and individuals as part of the anniversary celebrations. Starting with special discounted prices on the entry ...

Bloomberg ­­­­­­­­­­­­­­­ Brexit negotiations are heading for a catastrophic breakdown unless the European Union signals this week that it will allow talks to move on to trade, according to a person familiar with the UK government’s position. Without a clear sign that negotiations will progress to trade and transition arrangements by December at this week’s summit of European leaders, the ...

Bloomberg PSA Group, the French automaker that purchased the Vauxhall and Opel brands, plans to cut 400 jobs at a UK plant in Ellesmere Port to adapt production to falling sales. The site needs to improve its competitiveness to match the company’s plants in France, a PSA spokesman said. The uncertainty about the future trade deals between the UK and ...

Bloomberg Shares of Convatec Group Plc, the medical equipment maker whose initial public offering was London’s largest during 2016, slumped as supply shortages caused by the recent hurricanes in the Caribbean weighed on third-quarter performance. The Reading, UK-based company said its advanced wound care division experienced disruptions to manufacturing in Haina, Dominican Republic, having earlier warned of delays to a ...

Bloomberg Facebook Inc. is looking to hire people who have national security clearances, a move the company thinks is necessary to prevent foreign powers from manipulating future elections through its social network, according to a person familiar with the matter. Workers with such clearances can access information classified by the US government. Facebook plans to use these people— and their ...