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

  Dubai / Emirates Business Max, the largest value fashion brand in the region, has recently launched the latest spring collection for men, women and children with florals and nautical designs taking center stage. This year, for the women’s Spring collection, there is a natural flow of colours developed into a palette that is both transitional and forward-looking. Colours are ...

  DHAKA / AP Teen model Shonali Khatun strutted the catwalk as the audience cheered and clapped for a fashion show held in the capital of Bangladesh. But Khatun is no ordinary model, and this was no ordinary show. She and the 14 other models are survivors of acid attacks, common in this South Asian country where spurned lovers or ...

  DUBAI / WAM The theme parks in the UAE are dialling up the “smart” visitor experience to ensure the country remains one of the world’s fastest growing markets, industry experts announced, ahead of the of the Dubai Entertainment, Amusement, and Leisure Show. The UAE is the dominant market in the Middle East and North Africa, the world’s fastest growing region ...

  KUWAIT / WAM Compliance of OPEC with an oil output cut exceeded a target, standing at 140 percent in February, while non-OPEC producers’ compliance was 50-60 percent, Kuwaiti Minister of Oil, Water and Electricity Essam Al¬ Marzouq said, the state Kuwait News Agency (KUNA) reported. He attributed OPEC’s compliance to deep production cuts by Saudi Arabia, a voluntary act ...

  Abu Dhabi / WAM The Union National Bank (UNB) has no intention of merging with any other bank, its chief executive officer (CEO) has affirmed. “There are no formal procedures or any intention to merge UNB with any other banking institutions,” Mohammed Nasr Abdeen told reporters after the bank’s Annual General Meeting on Wednesday in Abu Dhabi. The bank ...

  DUBAI / Reuters Most major Gulf stock markets were pulled down on Thursday by a 5 percent overnight slide in oil prices, while Abu Dhabi was hit particularly hard as heavyweights First Gulf Bank and National Bank of Abu Dhabi traded ex-dividend. Abu Dhabi’s stock index dropped 2.9 percent as First Gulf Bank tumbled 8.7 percent and National Bank ...

  Bloomberg European Central Bank optimism on global growth bolstered the euro and sent bonds lower as the prospects for more stimulus dimmed. US stocks rose even as oil slid below $50 a barrel for the first time this year, exacerbating a slump in commodities. Lenders led the S&P 500 Index to its first gain in four days, as the ...

  President Donald Trump’s economic adviser, Peter Navarro, has vowed to restore US manufacturing supremacy. This is no surprise — Trump’s election campaign emphasized the promise of a return to the industrial economy of the mid-20th century, before countries such as China supplanted the US as the workshop of the world. But this push is unlikely to succeed. Changes in ...

  France and South Korea are both members of the rich nations’ club that goes by the clunky name Organisation for Economic Cooperation and Development (OECD). Measured by the participation of women in their banking and finance industries, they couldn’t be further apart. Among the 23 Korean companies for which Bloomberg has a breakdown of board and workforce composition, Samsung ...

  Like a lot of his plans, Donald Trump’s proposal for military spending is both abundantly clear and maddeningly vague. He wants to devote a whole lot more money to the Pentagon, as demonstrated by his budget outline and address to Congress. But the president’s plan is too ill-defined and arbitrary to make much sense. More military spending isn’t necessarily ...