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

  Bloomberg European stocks fell, following stocks in the US, as investors awaited earnings reports and assessed the US president’s latest moves on trade and immigration. The Stoxx Europe 600 Index declined 0.4 percent at 3:48 p.m. in London, approaching its lowest close this year. Media and chemicals shares fell the most, while gains in retail and real estate companies ...

  DUBAI / Reuters Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. The poll of 13 leading fund managers, conducted over the past week, found 46 percent expect to raise their investment in fixed income ...

  Abu Dhabi / Emirates Business FGB, one of the leading banks in the UAE and the largest by market capitalisation, achieved a record group net profit of AED 6.03 billion for the full year 2016, compared to AED 6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability. Full year 2016 Earnings Per Share amounted ...

  DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC) launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the Dubai Capital of Islamic Economy initiative. Making the announcement, Sheikh Hamdan said that ...

  ABU DHABI / WAM The Executive Committee of Abu Dhabi Executive Council approved a number of projects listed in Abu Dhabi Plan, at a total cost of AED304 million. During a meeting held on Tuesday under the chairmanship of Saeed Eid Al Ghafli, the committee approved a project to develop infrastructure for an intelligent transportation system in Al Ain ...

  ABU DHABI / WAM An increased participation, interest and engagement from specialised international marine based companies is expected at the Naval Defence Exhibition (NAVDEX 2017) to be held in Abu Dhabi in conjunction with the International Defence Exhibition and Conference (IDEX). Organised by ADNEC, in collaboration with UAE Armed Forces under the patronage of His Highness Sheikh Khalifa bin ...

  TOKYO / WAM Japan imported 26.097 million barrels of crude oil from the UAE in December 2016, according to the latest data released by the Agency of Energy and Natural Resource in Tokyo. This accounted for 23.3% of Japan’s total crude imports, the agency, part of the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 44.241 million ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, will attend on Wednesday the ‘Giving Retreat,’ along with more than 100 senior officials, including ministers, other officials, and community and humanitarian leaders. The gathering aims to launch a permanent strategic roadmap for ongoing ideas and initiatives related to ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday received a scientists and heads of Arab Space agencies attending Global Space Congress in Abu Dhabi. The two-day international event is organised by UAE Space Agency in Saadiyat Island, Abu Dhabi. Sheikh Mohammed said that the joint Arab ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday watched the 4th stage of the Dubai International Cycle Tour. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Khalifa Saeed Sulaiman, Director General of Dubai’s Protocol Department, also witnessed the race from ...