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

  Dubai / WAM Dubai Financial Market (DFM) announced on Monday that the rights issue of “Al Ramz Corporation Investment and Development” is due to be tradable on the exchange between October 25, and November 7. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its giant leaps in the digitisation of banking over the past ...

  Dubai / Emirates Business The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from October 31 to November 2, at the Dubai World Trade Centre, is organising a conference dedicated to the dynamic and rapidly growing tanker sector. Part of the Dubai Maritime Week, Seatrade Tanker Middle East, takes ...

  Aleppo / AFP Migrants lugging meagre belongings boarded buses on Monday taking them away from Calais’ “Jungle” under a French plan to raze the notorious camp and symbol of Europe’s refugee crisis. “Bye bye, Jungle!” a group of migrants shouted as they hauled luggage through the muddy lanes of the shantytown where thousands from Africa and the Middle East had ...

  Ankara / AFP A group of former US diplomats held closed door talks at the weekend with senior Pyongyang officials, even as international efforts gather pace to further isolate North Korea, diplomatically and economically. The two-day meeting in Kuala Lumpur, which was confirmed by the South Korean and US governments, was the latest in a series of unofficial talks commonly ...

  Valletta / AFP A small passenger aircraft crashed on takeoff at Malta’s international airport on Monday, killing all five people onboard, officials said. In a statement, the airport said the aircraft, a Fairchild Metroliner turboprop, was involved in an accident “upon takeoff.” “We can confirm that the five crew on board are deceased,” it said, adding that the airport ...

  Manila / AFP Philippine President Rodrigo Duterte’s fiery rhetoric and deadly crime war are becoming a growing concern around the world, the top US envoy for Asia warned on Monday in Manila. US assistant secretary of state for East Asian and Pacific Affairs Daniel Russel met with the Philippines’ defence and foreign ministers on Monday, after Duterte last week ...

  Islamabad / AFP Two children and another civilian were killed along with a soldier in firing across the border between India and Pakistan, officials from both sides said on Monday, as tensions soar between the nuclear-armed rivals. Pakistan’s military said an 18-month-old girl and another civilian were killed on its side of the border in “unprovoked firing” by the ...

  New Delhi / AFP Indian police on Monday killed at least 21 rebels in a shoot-out in eastern India, a local officer said, one of the deadliest incidents this year in a long-running Maoist insurgency. Police said they ambushed a meeting of 30 to 40 Maoists in a forest near the border of Odisha and Andhra Pradesh states, triggering a ...

  Geneva / AFP The concentration of carbon dioxide (CO2) in the atmosphere averaged a record 400 parts per million in 2015, an ominous milestone for the planet’s health, the UN said on Monday. The greenhouse gas has previously passed the 400 ppm threshold on certain months in specific locations but never on an annual global basis, the United Nations World ...