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

  MOSCOW / AP A prominent rebel leader in eastern Ukraine has been killed in an explosion in his office, his associates said on Wednesday. The rebels’ Donetsk News Agency said Mikhail Tolstykh, better known under his nom de guerre Givi, died early Wednesday morning in what it described as a terrorist attack. The agency said 35-year old Tolstykh was ...

  Abu Dhabi / WAM A staggering AED3 billion business activity was generated by the Abu Dhabi National Exhibitions Company, ADNEC, in 2016. Its key venues include Abu Dhabi National Exhibition Centre and Al Ain Convention Centre, AACC, and together, the centres hosted more than 1.5 million visitors across 480 local and international events, an increase of 30 percent over 2015. ...

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) announced that the launch of the nanosatellite Nayif-1 will occur between February 14 and 25, from Satish Dhawan Space Centre in Sriharikota, India, on board a PSLV-C37 rocket. Nayif-1 is expected to be launched on the morning of February 15, if ...

  Dubai / Emirates Business With genetics and genes responsible for a person’s day-to-day state of health and predisposition to develop disease, the ability to take genomics from the laboratory bench in hi-tech labs literally to the patient’s bedside will play a very important role in the future of the health of patients across the UAE. Delegates at the MEDLAB ...

  Dubai / Emirates Business As part of its efforts to support the growth and development of Dubai’s business community, the Dubai Chamber of Commerce and Industry recently organised a workshop to raise awareness on the legal and technical aspects related to drafting successful business contracts. The seminar was attended by members of Dubai Chamber, lawyers and legal advisors, investors, ...

  Bloomberg The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warning signs back up the spike in demand: mortgage arrears are creeping up, lenders’ bad debt provisions have increased ...

  Bloomberg Tata Steel Ltd. swung to a profit in the third quarter, the first gain in five periods, boosted by a recovery in product prices and higher production. Group net profit was 2.3 billion rupees ($34 million) in the three months to December 31, from a loss of 27.5 billion rupees a year earlier, according to a statement from ...

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang ...

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

  Bloomberg Treasuries rose for a fourth day and gold reached a three-month high as demand for haven assets persisted with investors assessing political risks in Europe and the US American equities slumped. The S&P 500 Index extended a stretch of listlessness as disappointing bank results in Europe added to pressure on financial shares. Yields on 10-year Treasury notes fell ...