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

  ALGIERS / AP German Chancellor Angela Merkel is visiting Algeria as she seeks to enlist North African countries in Germany’s efforts against extremism and illegal migration. She’s expected to meet ailing President Abdelaziz Bouteflika, the prime minister and business leaders, and tour a girls’ school during the visit on Monday and Tuesday. Key concerns for Merkel are better cooperation ...

  Reuters Profit-taking swept across most stock markets in the Middle East on Monday, with United Arab Emirates bourses particularly hard hit by slides in construction company Arabtec and energy business Dana Gas . Dubai’s Arabtec dropped by its 10 percent daily limit to a five-year low of 0.90 dirhams, falling below technical support at its December 2015 low of ...

  Bloomberg European stocks were little changed amid deal activity, as gains in telecommunications firms led by Deutsche Telekom AG offset a slide in Unilever NV. The Stoxx Europe 600 Index added less than 0.1 percent at 11:45 a.m. in London, trimming earlier gains of as much as 0.5 percent. The volume of member shares traded was a fifth lower ...

  Bloomberg The biggest gasoline market in the US is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show. While at least 6 cargoes that were headed to New York from Europe in ...

  Bloomberg Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the US company’s smartphones, has gained 29 percent in the past year, with its shares touching a decade-high on optimism about ...

  ATLANTA / AP Self-driving vehicles could begin tooling down a bustling Atlanta street full of cars, buses, bicyclists and college students, as the city vies with other communities nationwide to test the emerging technology. Atlanta would become one of the largest urban areas for testing self-driving vehicles if plans come together for a demonstration as early as September. Nationwide, ...

  Dubai / Emirates Business In moves furthering its dominance in the Cloud, Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise, is strengthening its Cloud business with more senior leaders, new innovations and initiatives to ensure its ecosystem of more than 14,300 global Veeam Cloud & Service Provider (VCSP) partners and 45,000 resellers will ...

  ABU DHABI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Omar Hassan Al Bashir of Sudan, attended the unveiling of the ‘Rabdan’ ...

  ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate, M1 (currency in circulation outside banks and monetary deposits in current accounts and call accounts at banks), increased by 1.3 percent, from AED474 billion at the end of December 2016, to AED479.9 billion at the end of January, 2017. The money supply aggregate, M2 (M1 ...

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the thirteenth edition of the International Defence Exhibition and Conference (IDEX 2017) the ...