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

  LOS ANGELES / DPA In the exclusive Bel Air neighbourhood of Los Angeles sits a new monument to opulence, a $250 million mega-mansion that’s now the most expensive home listed in the United States. The four-level, 38,000-square-foot mansion comes with a seven-member staff, a $30 million car collection and an infinity pool complete with a swim-up bar, 270-degree views ...

  Ankara / Emirates Business The 9th Ministerial meeting of the Joint Economic Committee between the UAE and Turkey was in the Turkish capital of Ankara. The session was chaired by HE Engineer Sultan bin Saeed Al Mansoori, Minister of Economy, and Mehmet Simsek, Deputy Prime Minister of Turkey. Also present were Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi, ...

  Dubai / WAM Dubai South on Wednesday announced the completion of the first phase of its Aerospace Supply Chain Facility at Aviation City. The new facility is in line with the focus of the Dubai Industrial Strategy, launched last June by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, which aims to ...

  Dubai / Emirates Business Smartworld, UAE’s leading systems integrator and next generation ICT services provider, has signed an investor partnership agreement with Dubai Quality Group (DQG) which will focus on mutual cooperation toward encouraging quality, business excellence, innovation, technology performance, and leadership in innovative technologies. The partnership aims to contribute to the vision of the National Innovative Strategy of ...

  Abu Dhabi / WAM Dr Sultan Al Jaber, Minister of State and Chairman of the National Media Council, said that the Council was determined to raise the standards of the UAE media to newer heights in cooperation with the various media organisations in the country. This is part of NMC’s efforts to disseminate the UAE’s messages across the world, and ...

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, announced on Wednesday that as part of its commitment to enhance customer experience and convenience, the City Centre Mirdif Carpark will undergo a AED 355 million redevelopment set for completion in early 2018. The expansion will add ...

  In his first few weeks in office, President Donald Trump has ordered the U.S. to withdraw from the Trans-Pacific Partnership and confirmed his intention to renegotiate the North American Free Trade Agreement. The consensus is that it won’t be long before he turns his focus to China, which he calls a currency manipulator. China can weather such criticism, for ...

  Some people who study climate change believe that addressing it later — when economic growth has made humanity wealthier — would be better than taking drastic measures immediately. Now, though, one of this group’s most influential members appears to have changed his mind. In the early 1990s, Yale’s William Nordhaus was among the first to examine the economics of ...

  Last week, an Indian government official announced that iPhones will start rolling off an assembly line in Bangalore by the end of April, targeted at local customers. It’s a big moment for Apple Inc., which is counting on India’s emerging middle class to make up for slowing sales in other markets. But don’t bet on the iPhone conquering India, ...

  Drug pricing is a conundrum for the country, and apparently for Donald Trump too. Last week, some pharma CEOs came out of a meeting with the new president believing he’d dropped his previously stated support for direct Medicare negotiation of drug prices. But at a press conference on Tuesday, Press Secretary Sean Spicer said Trump had not, in fact, ...