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

  With a stroke of a pen, US president Donald Trump withdrew America from the Trans Pacific Partnership (TPP). Trump argues it will benefit US companies and workers. In fact, the decision will have adverse effect. And he made is clear that he is not going to deviate from his protectionists promises. Trump pat his back after signing an executive ...

  Dubai / Emirates Business As the UAE gears up for a boom in the In-Vitro Diagnostics (IVD) market, expected to reach US$380 million by the end of 2020, the medical community has turned its focus towards exciting new products and technologies to keep up with the demand for new diagnostic capabilities that can have a real impact on improving ...

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an administrative resolution No. 2 of 2017, pertaining to preparing Sharjah to join the Global Network for Age-Friendly Cities and Communities. The administrative resolution states the importance of environment in determining healthy ageing and encouraging the creation of age-friendly environments. ...

  Dubai / Emirates Business Dubai Land Department (DLD) announced in its latest report that the total value of real estate brokers’ commissions for 2016 totaled over AED 1.5 billion from 32,932 transactions, while Dubai’s real estate market also attracted 5,933 active brokers and 2,285 registered brokerage offices. The AED 1.5 billion figure describes the amount of commission earned by ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) conducted a survey to measure the happiness index of the community for 2016, in cooperation with a leading expert in the field. DEWA recorded a happiness index of 89.01 percent, compared to the 87.12 percent recorded in 2015. These results reflect DEWA’s commitment towards achieving the happiness of the community, and ...

  The European Central Bank has spent the last few years battling the threat of deflation with a combination of negative interest rates and a bond-buying splurge. There’s now enough evidence to suggest ECB President Mario Draghi should at last acknowledge that inflation has returned. But even if he does, the fissures underlying the euro zone economy will prevent the ...

  One of the reasons for Line Corp. to list its shares in both Tokyo and New York was to broaden its international scope. It’s not working. The social-networking company’s fourth-quarter operating profit missed analysts’ estimates by 70 percent, with many pointing to declines in gaming and digital content revenue. But there’s an even deeper reason for the disappointment. Investors ...

  The planet has broken global heat records for three years in a row — a finding that, paradoxically, may raise public concern about global warming, but won’t change long-term climate forecasts. First, the good news: Scientists say the run of record-breaking temperatures doesn’t mean that we should expect every year to be relentlessly hotter than the last. From year ...

  Bloomberg Qantas Airways Ltd. plans to expand its international business after a three-year restructuring effort by Chief Executive Officer Alan Joyce helped deliver record profits for the Australian carrier. The division, which was losing money before the turnaround, is now in a position to grow, Joyce, 50, said in an interview in Beijing with Bloomberg TV on Thursday. Joyce ...

  DUBLIN / Reuters Ryanair is in talks about providing connecting flights to AlItalia’s long-haul services and has raised objections with German authorities about a Lufthansa-Air Berlin tie-up, as it tries to ease its expansion in continental Europe. The Irish airline, Europe’s largest by passenger numbers, is looking to add 11 million passengers in the year to March 2018 and ...