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

  DUBAI / Reuters Saudi Arabia’s stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September, while Egypt extended its bull run as international funds accumulated shares. The Saudi index closed 0.4 percent higher at 6,922 points; it remains near a six-week low and lost 3.8 percent over the week. Investors bought shares ...

  Bloomberg Treasuries rallied, sending 10-year yields to the lowest since November, while the dollar slumped with US stocks as investors reassessed post-election market moves spurred by speculation Donald Trump’s policies would jumpstart American economic growth. Trump yesterday gave investors little reason to add to bets that had taken the dollar to a 14-year high and stocks to records. Some ...

  Abu Dhabi / Emirates Business A high-level delegation from the UAE is participating in the 8th eighth Vibrant Gujarat Global Summit which kicked off on January 10 – under the theme of ‘Sustainable Economic & Social Development’ and will conclude today in Gandhinagar, the capital of Gujarat state in Western India. The group is headed by HE Dr Rashid ...

  Dubai / Emirates Business Her Excellency Najla bint Mohammad Al Awar, Minister of Community Development, (MOCD) received a delegation from Enable Foundation – part of Desert Group – at her office in the Ministry headquarters in Dubai. The delegation was headed by Reem Al Ghaith, Director-General of the Foundation, which is one of the leading national institutions working to ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) Women’s Committee reviewed the approved updates to the committee’s vision, goals, values, and work during its first meeting. The meeting took place at DEWA’s main office, and was chaired by Khawla Al Mehairi, Vice President of Marketing & Corporate Communications at DEWA, and Chairperson of DEWA Women’s Committee. At ...

  DUBAI / Emirates Business Qatar falconers tasted a double triumph in the Fazza Championship for Falconry Tilwah organized by the Hamdan Bin Mohammed Heritage Center (HHC) in Dubai recently. In what turned out to be a family affair, Mohammed Rashid Hamad Al Nuaimi emulated his cousin Nasser by winning the Shaheen Wahish Farkh (GCC) category in style recording the ...

  Ras Al Khaimah / Emirates Business The emirate of Ras Al Khaimah welcomed approximately 60,000 residents and visitors to its Awafi area over the past three weeks during its annual cultural festival, which concluded on Saturday 7 January. The 14th Awafi Festival, which celebrates the UAE’s most northern emirate’s ethnic and cultural heritage, attracted its largest visitation to date, ...

  WASHINGTON / AP Pointing towards possible confrontation, Donald Trump’s selection for secretary of state likened Beijing’s island-building in the South China Sea to a takeover of another country’s territory and spoke of forcing Beijing to fully apply sanctions on North Korea. China will likely be alarmed by former Exxon Mobil CEO Rex Tillerson’s Senate confirmation hearing remarks on Wednesday. ...

  PARIS / AP France’s government has quietly backtracked on a policy that allowed children to leave the country without their parents’ permission, after years of complaints from families of radicalized teens who left to join extremist groups. The new rules requiring parental permission go into effect on Sunday, five years after the government lifted the restriction with little fanfare, ...

  WARSAW / AP American soldiers are rolling into Poland, fulfilling a dream Poles have had since the fall of communism in 1989 to have US troops on their soil as a deterrent against Russia. US Army vehicles and soldiers in camouflage crossed into southwestern Poland on Thursday morning from Germany and were heading for Zagan, where they will be ...