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

  Bloomberg Barnes & Noble Inc. posted its first decline in holiday sales in three years, hurt by a downturn in the coloring-book category, bringing another sign that the Christmas season wasn’t kind to retailers. Same-store sales sank 9.1 percent for the nine-week holiday period, the New York-based company said. Coloring books and other art supplies — products that had ...

  DUBAI / WAM Dubai Chamber of Commerce and Industry (DCCI) saw its network of members grow by 9 percent or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The rise in number strengthens its position as one of the largest membership-based chambers of commerce in the world. The total value ...

  Dubai / WAM Integrated facilities management (FM) company, Imdaad, has generated a revenue of $136m (AED500m) in 2016, registering a growth of eight to 10 per cent compared to the previous year. The Dubai-based company also signed a few major contracts with leading companies in the last quarter of 2016, enabling it to generate more business than the previous fiscal ...

  Abu Dhabi / Emirates Business New York University Abu Dhabi’s (NYUAD) annual January Term (J-Term) is a unique study program that aims to intensify students’ intellectual focus and reach beyond the classroom. The program incorporates experiential learning, connecting students to the UAE, the Middle East and a range of global destinations. With a focus on exploring and interacting with ...

  Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...

  Sharjah / Emirates Business The first ever three-week long Winter Festival at Al Majaz Waterfront in Sharjah recently drew curtains after providing thirty thousand visitors from all nationalities and age groups across the seven emirates with the unending frolic of a dreamy winter wonderland. Guests were left in awe of a snowy festive landscape, which stretched across the Waterfront’s ...

  Bloomberg Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil sands, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,” Geeta Sankappanavar, president and chief operating officer of the Calgary-based ...

  Bloomberg Asia’s finally becoming a prime destination for US shale gas cargoes. At least 10 of the 12 tankers bearing liquefied natural gas that left Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana in December are headed for Asian countries, shipping data compiled by Bloomberg show. The December tally surpasses November’s record of 10 departures. Sabine Pass is the ...

  Bloomberg Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.Shipments from southern ports in Basra Province averaged 3.51 million barrels a day in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed ...

  Bloomberg Oil fell for the first time in four days as an increase in US drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid as much as 2.1 percent in New York after rising 3.2 percent the previous three sessions. Gulf oil producers Saudi Arabia, the United Arab Emirates, Qatar, Oman and ...