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

  Dubai / WAM With the UAE entering the ‘Year of Giving’, as declared by the UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, Dubai Cares announced that it will be providing volunteering opportunities to 4,250 UAE residents in 2017. Dubai Cares will be organizing volunteering opportunities locally and globally as part of its well-established initiatives such as Volunteer ...

  Dubai / Emirates Business The business of beauty is surging ahead in the Gulf Cooperation Council (GCC), as new research shows there’s increased spending on beauty and personal care products across the region. According to the latest figures by analysts Euromonitor International (EMI), the retail value of the GCC’s beauty and personal care market was US$9.3 billion in 2016, ...

  Dubai / Emirates Business Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office, was the official representative of Dubai at the World Economic Forum 2017 in Davos, Switzerland. As part of the forum, a panel discussion was held on global smart transformation of cities, during which Dubai’s participation held a strong presence. Along with Dubai, ...

  Sharjahi / Emirates Business Sharjah Islamic Bank (SIB) announced its 2016 financial results and achieved a net profit of AED 462.9 million in 2016 compared to AED 409.9 million last year; a 13% increase. SIB Board of Directors will propose a 10% bonus shares dividend, one share for each existing 10 shares, during the next AGM meeting. Total assets ...

  Dubai / Emirates Business UAE Exchange, the global remittance, foreign exchange and payment solutions brand, attracted UAE Nationals in the financial sector at the Tawdheef Recruitment Fair in Abu Dhabi National Exhibition Centre, from January 30 to February 1. Speaking on the occasion, Abdel Kareem Alkayed, UAE Exchange Country Head for the UAE, said: “We have made significant progress ...

  Dubai / Emirates Business Under the patronage of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Dubai Trade, the single window for cross-border trade and a DP World company, commended the winners of the 9th E-Services Excellence Awards (ESEA) held in Dubai recently. The annual award event is organised by Dubai Trade to recognise ...

  Dubai / Emirates Business Emirates NBD Asset Management’s Emirates Real Estate Fund (‘EREF’ or the ‘Fund’) has won Sector Fund of the Year at the 2017 MENA FM Performance Awards for the second consecutive year. The MENA FM Performance Awards recognised funds and asset managers that have outperformed their peers over the 12 month period ending December 31, 2016. ...

Bloomberg President Donald Trump blasted a refugee resettlement deal with Australia in a late-night tweet, throwing the fate of more than 1,000 displaced people and the U.S.’s relationship with a key ally into doubt. “Do you believe it? The Obama administration agreed to take thousands of illegal immigrants from Australia. Why? I will study this dumb deal!,” Trump tweeted. The ...

  BUCHAREST / AP Israel’s prime minister on Thursday vowed to establish a new West Bank settlement “as soon as possible,” promising to make up for the court-ordered demolition of an illegal settler outpost. Benjamin Netanyahu’s announcement was his latest step to expand Israeli settlement construction in the wake of President Donald Trump’s inauguration. Trump has signaled a far softer ...

  BUCHAREST / AP Romania’s president said on Thursday he would ask judges to declare unconstitutional a government decree that dilutes what qualifies as corruption, after hundreds of thousands protested against the measure. President Klaus Iohannis said on Thursday that he would take the emergency decree to the Constitutional Court, which is the last legal resort to stop the law. ...