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 number of people taking the taxi in Dubai were clocked at 44,883,737, and they took 25,795,251 trips during the first quarter of 2017. The CEO of Public Transport Agency at the Roads and Transport Authority, RTA, Abdullah Yousef Al Ali commented, “Lifting 44,883,737 riders during the first quarter of this year is indicative of the huge ...

  Bloomberg National Front leaders are beginning to acknowledge that Marine Le Pen may be headed for defeat in Sunday’s presidential election after she failed to land the decisive blow she needs to overhaul Emmanuel Macron in Wednesday’s television debate. Scoring 40 percent in the runoff “would be an enormous victory,” the candidate’s niece and a fellow National Front lawmaker ...

  Bloomberg Philippine President Rodrigo Duterte said he called his Chinese counterpart Xi Jinping on Wednesday “at the behest” of US President Donald Trump to discuss China’s role in promoting peace on the Korean peninsula. In a televised speech from Davao City on Thursday, Duterte said Trump, in a call at the weekend, asked whether Xi “could do something about ...

  Bloomberg Bulgaria’s parliament gave the go-ahead to Prime Minister Boyko Borissov to head his third government in eight years, though uncertainty remains as to whether his coalition with a loose alliance of nationalist parties will last to serve a full term. Lawmakers voted 133-101, without abstentions, to back the Gerb party’s cabinet with the United Patriots, Parliament Speaker Dimitar ...

  It is urgent for Americans to think and speak clearly about Donald Trump’s inability to do either. This seems to be not a mere disinclination but a disability. It is not merely the result of intellectual sloth but of an untrained mind bereft of information and married to stratospheric self-confidence. In February, acknowledging Black History Month, Trump said that ...

  There are two conflicting visions of where artificial intelligence will take humankind. Some people worry that when robots become capable of programming themselves, they’ll realize that humans are useless and do away with us. Others think that on the day when robots become sentient — that is, the moment of the singularity — humans will be one with the ...

  This summer, Bill Winters completes two years at Standard Chartered Plc, the emerging-markets lender whose share price is still 32 percent below where it was when the former JPMorgan Chase & Co. executive took over as CEO. While the bank’s drop in first-quarter impairment costs is making investors optimistic about asset quality, further upside will depend on Winters becoming ...

  Russian President Vladimir Putin appears to be moving ahead for plan to establish safe zones in Syria backed by peacekeepers with a high degree conviction. And to achieve this, there is marked change in the interaction between major powers supporting rivals in the Syrian conflict. Putin secured the US backing for the proposal to create safe zones in Syria ...

When President Xi Jinping announced in 2015 that China would pump $46 billion worth of investments into Pakistan, the recipients of his largesse seemed less surprised than one might have expected. The military and political elites of the Islamic Republic of Pakistan have long extracted aid from outside powers in return for keeping a lid on things at home. As ...

  The plumber who’ll sort out India’s bad-loan mess is about to get powerful new tools, and an overflowing toilet will soon be clean. Or that’s how investors are reacting to weaker-than-expected quarterly earnings from the country’s largest private-sector bank by assets. How sentiment changes. At the end of 2015, when concerns over Indian lenders’ balance sheets reigned supreme, ICICI ...