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

  Abu Dhabi / Emirates Business UK’s famous vitamin and supplement store – Holland & Barrett has opened retail operations at the ‘Town Square’, the vibrant retail destination within Al Forsan Village. The Town Square will now be home to several ‘community focussed’ brands. These outlets located at the community’s vibrant retail destination is spread across 15,000m. The brands at ...

  Dubai / Emirates Business Joyalukkas, world’s favourite Jeweller, gives its customers more reasons to enjoy the world-famous Dubai Shopping Festival with up to 34 KG gold to be won by 100 winners across the UAE. Shoppers have the opportunity to win half a kilogram of gold first prize and quarter kilogram gold second & third prize in daily raffle ...

Abu Dhabi / Emirates Business Etihad Airways Engineering and Lantal Textiles AG have launched the first Flammability Test Laboratory in the Middle East, for regional customers within the aviation industry, including VIP operators, MRO organisations, design and production organisations as well as cabin interior suppliers. Located inside the Etihad Airways Engineering facility adjacent to Abu Dhabi International Airport, the new ...

  Nairobi / AFP When Beatrice Athiambo pulls the plastic covering off her stall in the Kenyan capital of Nairobi in the morning, her first customers are already waiting. They want to buy the earth that she sells – to eat. In Africa, geophagia, the eating of clay or stones, is widespread, especially among pregnant women, though estimates vary widely ...

  Butembo / AFP In DR Congo’s war-infested Great Lakes region, carpenter-turned-sculptor Sauveur Mulwana has left a trail of monumental statues over the past decade as part of his self-styled mission to revive local history and boost peace. The 42-year-old moved back home to Butembo, a teeming city of more than a million near the borders of Uganda, Rwanda and ...

  Reuters Major Gulf stock markets were mixed in quiet trade on Wednesday although some second-tier Saudi petrochemical stocks rose sharply after oil prices climbed overnight. The main Saudi index traded higher for much of the day but closed 0.2 percent lower as Saudi Electricity, which had risen after last week’s state budget for 2017 promised to raise electricity tariffs, ...

  London / AFP European stocks turned flat on Wednesday but London coasted higher on the back of a Santa Rally in subdued trade after a long Christmas holiday. The British capital’s benchmark FTSE 100 index of top blue-chip firms won 0.4 percent from last Friday’s close, as traders returned from a four-day holiday weekend. Frankfurt and Paris, which had ...

  Bloomberg South Korea’s antitrust regulator slapped a record 1.03 trillion won ($853 million) fine on Qualcomm Inc. for violating antitrust laws, the latest in a string of government actions that threaten the US chipmaker’s most profitable business. The South Korean Fair Trade Commission said on Wednesday that the company licensed its key patents only to mobile-phone makers and didn’t ...

  Bloomberg Toshiba shares dived more than 20 percent on Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business. The stock price dropped by 20.42 percent to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening ...

  Bloomberg Japan’s industrial output rose the most in five months in November as export volumes rebounded sharply, pointing to an expected economic expansion in the fourth quarter. Industrial production increased 1.5 percent in November from a month earlier (forecast +1.7 percent). Output is forecast to rise 2 percent in December and 2.2 percent in January. Retail sales rose 1.7 ...