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

Bloomberg As sales of Gucci’s snake-covered handbags and heels lead the luxury industry’s upswell, many of the brand’s Italian rivals are struggling to catch the wave. Shares of Prada SpA, Salvatore Ferragamo SpA and Tod’s SpA have all posted double-digit declines in the past six months as profits fall, while privately held Giorgio Armani SpA is pruning its lineup after ...

Dubai / WAM The fertiliser production capacity in the Gulf Cooperation Council (GCC) region has reached 42.3 million tonnes per annum in 2017, increasing by 12 per cent over the previous year, according to a new report of the Gulf Petrochemicals and Chemicals Association (GPCA). According to the report entitled, ‘2016 GCC Fertiliser Industry Indicators’, the industry expanded at the ...

DUBAI / WAM Dubai Economy achieved a milestone in its accelerators initiative by establishing a partnership to facilitate financial transactions through contactless payment. The partnership brings Emcredit, a subsidiary of Dubai Economy, and the UK-based Object Tech Group Ltd together under the Dubai Economy Accelerators umbrella to develop and implement emCash, an encrypted digital currency, which people can use to ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named Leading Corporate for Investor Relations in the UAE at the 2017 Middle East IR Association (MEIRA), Annual Conference. The awards recognise top IR leaders in the region for the quality of their work, and are based ...

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, signed a Memorandum of Understanding (MoU), with global payments technology company, Visa, to jointly support innovative start-ups and exchange knowledge of emerging technologies. The MoU was signed by Shahla Ahmed Abdulrazak, Deputy CEO of DSOA, and Ihab Ayoub, ...

Dubai / Emirates Business HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), opened the Emirati-France Business Summit held by the RTA in collaboration with the French Business Council. The event, which attracted the participation of 63 Emirati and French entities, aims to boost PPP, nurture an investment climate ...

ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), signed two international cooperation agreements with leading nuclear regulators to exchange knowledge and information related to peaceful use of nuclear energy, as well as safety and regulatory-related information. The pacts were signed on the sideline of the 61st General Conference of IAEA, held in Vienna. “Being UAE’s nuclear ...

THIRUVANANTHAPURAM / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, stated that the historical cooperation between Sharjah and Kerala is centuries long and is continuing. He stated this during his speech on Tuesday at the headquarters of the State of Kerala, during a ceremony that saw Sheikh Sultan being awarded an ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Law No. 10 of 2017 on support service workers. Saqr bin Ghobash Saeed Ghobash, Minister of Human Resources and Emiratisation (MOHRE), said that the law will work to achieve balance, regulate the contractual working relationship, and provide legal protection of all concerned parties. The ...

Emirates Business Under the patronage and in presence of His Highness Sheikh Dr Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council Ruler of Sharjah and President of the University of Sharjah, the Sharjah Islamic Center for Economy and Finance Studies will hold the 2nd Sharjah International Conference on Islamic Economy titled ‘The Friendly Environment for Islamic Banking and ...