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

  DUBAI / Emirates Business The Dubai Roads and Transport Authority (RTA) and UAE-based digital payments provider Trriple are opening up more channels for customers to top up their Nol Cards. Customers will be able to top up at over 20,000 UAE merchants through the Trriple mWallet app network. “Being able to top up Nol Cards through additional neighborhood merchants ...

  DUBAI / Emirates Business Key players in Dubai’s tourism industry came together to mark the city’s milestone achievement of reaching 100,000 rooms across its expanding hotel and hotel apartment inventory following the soft opening of The Westin Dubai, Al Habtoor City. In attendance were His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing ...

  Dubai / Reuters The performance of banking shares weighed on Saudi Arabia’s market index on Sunday after the largest listed bank reported profits below analysts’ expectations, while indexes for other markets in the region also fell. Riyadh’s index fell 1.1 percent as National Commercial Bank (NCB) tumbled 5.6 percent after reporting a third-quarter net profit of 1.96 billion riyals ...

  Dubai / Reuters Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the Capital Market Authority ...

  Benaulim / AFP Chinese President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister Narendra Modi and the leaders of China, Russia, Brazil and South ...

  Yangon / AFP Four people are confirmed dead and dozens more are feared to have drowned after an overloaded ferry sank on Myanmar’s Chindwin River, local authorities said Sunday. A total of 154 people have been rescued so far since the boat capsized early Saturday morning as it travelled from Homalin to the city of Monywa, northwest of Mandalay. ...

  Bangkok / AFP Thai police on Sunday charged a woman with royal defamation after a mob demanded action over a Facebook post allegedly smearing the “heir and regent”, as the country mourns King Bhumibol Adulyadej. Thailand has one of the world’s harshest lese majeste laws, with jail terms of up to 15 years for each count of defaming or ...

  Manila / AFP Typhoon Sarika lashed the main Philippine island of Luzon on Sunday, flattening homes and toppling trees and power pylons as more than 12,000 people fled to safer ground, officials said. Minor landslides and flooding were also reported a day after the cyclone brushed past the remote eastern island of Catanduanes and left one person drowned and three ...

  London / AFP The United States, Britain and the UN peace envoy to Yemen on Sunday urged the warring parties in the country’s civil war to declare a ceasefire they said could start within days. The United Nations envoy, Ismail Ould Cheikh Ahmed, said: “We are here to call for an immediate cessation of hostilities, which will be declared ...

  Portsmouth / AFP Donald Trump has challenged his rival Hillary Clinton to a drug test before their next debate, suggesting the Democrat was “pumped up” on performance-enhancing drugs in a stunning new twist to the brutal White House race. The unsubstantiated attack from the Republican nominee came as a new poll out Sunday shows Clinton with a four-point lead ...