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

  Langenselbold / DPA Black Beauty is a dream horse; he’s obedient, his stable never needs cleaning out, and he never needs food, a vet or a blacksmith. He never bucks or bolts, and his rider never needs to worry about falling out of the saddle. “When I ride him I can just concentrate on myself,” enthuses German dressage rider ...

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), in partnership with Occidental Petroleum, announced on Tuesday its intention to expand its Al Hosn facility, which will increase sour gas processing by 50 percent of existing capacity. The plant could become operational within the life span of ADNOC’s new five-year business plan, part of the company’s ‘2030 ...

  DUBAI / WAM Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), on Tuesday rang the market-opening bell to celebrate the listing of a US$600 million Bond on Nasdaq Dubai, under the bank’s $6 billion medium term note programme. The CCB is one of China’s most prominent banks with a market capitalisation of $173.3 ...

DUBAI/ WAM National Bonds Corporation, National Bonds, renewed its partnership with du to support WiFi UAE, a country-wide initiative to provide WiFi access to the public, in line with the UAE Vision 2021. WiFi UAE currently covers Abu Dhabi, Dubai, Sharjah, Al Ain and Ras Al-Khaimah. It offers free internet access across Dubai Metro, Dubai Tram, Dubai International Financial Centre, ...

  LONDON / WAM The Ajman Tourism Development Department (ATDD) unveiled multi-million-Dollar tourism projects in the emirate, highlighting its status as a major tourism and investment destination for the UK market. Visitors and exhibitors at World Travel Market (WTM) in London, expressed their interests in the soon-to-open Oberoi Al Zorah luxury hotel. Also showcased was the 182-key hotel in Ajman ...

  Washington / AFP A polarized America went to the polls on Tuesday to pick its 45th president, choosing to elect either Hillary Clinton as the nation’s first female commander in chief or billionaire businessman Donald Trump after a long and rancorous campaign that upended US politics. The winner will inherit an anxious nation, angry and distrustful of leaders in Washington. ...

  Tallinn / AFP Estonia’s Prime Minister Taavi Roivas on Tuesday refused to step down a day after his three-party coalition collapsed, opting instead to face a confidence vote in parliament, reports said. The small Baltic eurozone and NATO member that is due to assume the EU’s rotating presidency in the second half of 2017 plunged into political chaos on ...

  Seoul / AFP South Korean President Park Geun-Hye on Tuesday agreed to dump her nominee for prime minister and cede control of some state affairs in a major climbdown forced by a corruption scandal battering her administration. The same scandal saw prosecutors carry out a morning swoop on the offices of South Korea’s largest conglomerate Samsung Electronics, looking for incriminating ...

  Colombo / AFP Sri Lanka slammed China’s ambassador on Tuesday for criticising Colombo’s attitude to aid in the local media, as the island nation distances itself from its once-close ally and economic lifeline. Colombo took exception to ambassador Yi Xianliang’s comments at a press conference last week, where he said his host nation should stop criticising “expensive” loans granted ...

  Budapest /AFP Hungary’s radical right Jobbik dealt all-powerful Prime Minister Viktor Orban a rare defeat on Tuesday as it blocked his bid to change the constitution to bar the resettlement of refugees. While all 131 MPs of Orban’s ruling right-wing coalition voted in favour, the bill failed to pick up an extra two votes to reach a required two-thirds ...