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 has achieved the rank 16 place out of the 28 peer global cities which are currently considered the most prominent players in the field of innovation and creativity, registering an innovation rate of 39.14%. Dubai has also progressed to 11th place in the world for efficiency in innovation outputs, according to Dubai Chamber’s Innovation Index. The ...

  Abu Dhabi / Emirates Business Etihad Airways on Tuesday announced its Abu Dhabi – Madrid route will operate daily with the introduction of three new flights each week, effective June 1, 2017. The additional frequencies underscore the airline’s commitment to offer guests greater choice and more travel options. Continuing to operate with a two-class Airbus A330-200 offering 22 Business ...

  Dubai / Emirates Business The 7th Annual Middle East FireSafe Summit, supported by Directorate General of Civil Defence-Dubai, kicked off on Tuesday at the Shangri-La Hotel, Dubai. The two-day summit will witness government bodies, fire safety institutions, trade bodies and global fire safety leaders coming together and staging a dialogue on achieving fire safety excellence in the region. Brigadier ...

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is preparing for a roadshow in India, covering the four major areas of Mumbai, Delhi, Chandigarh, and Bangalore, on October 17-21. The SCTDA delegation to the India includes representatives from Sheraton Hotel Resort, Ramada Hotel, Golden Tulip Hotel, Marbella Resort, Hotel Holiday International, Oceanic Hotel – KF, SATA ...

  Dubai / Emirates Business dubizzle’s Number Plates category organically reached over 4,500 ads with a gross market value of over AED130 million since its launch in mid-July. In that time, the category has become the second largest for dubizzle Motors after Used Cars, overtaking Accessories and Parts. The UAE’s leading classifieds platform receives an average of 1.68 million monthly ...

  London / AFP World stocks forged higher on Tuesday on uncertainty over the future path for US interest rate hikes, while London shrugged off news of surging inflation. Asian indices advanced as investors weighed the prospect of a US rate increase, and on the eve of key economic growth data in powerhouse economy China. In Europe, Frankfurt, London and ...

  Dubai / Reuters Several disappointing third-quarter results from large Saudi companies dragged on the kingdom’s stock index in morning trade on Tuesday, while other Gulf markets edged up in modest trade. Riyadh’s index was down 0.8 percent after 70 minutes. Saudi Arabian Mining Co (Ma’aden) fell 2.7 percent after it posted a 4.6 percent rise in third-quarter net profit ...

  Bloomberg Indian stocks rebounded from a three-month low, with the benchmark index rallying the most in Asia, as a spurt in global equities lifted investor sentiment. A gauge of lenders climbed the most among the nation’s 14 sector indexes, while an index of metalmakers ended three days of losses. A measure of mid-sized stocks rose to within a whisker ...

  Moscow / AFP Moscow announced on Tuesday that Russian and Syrian air forces have stopped bombing Aleppo ahead of a brief truce, a move the Kremlin said showed “goodwill” as it faces mounting criticism for backing a brutal regime offensive. Russia had said Monday there would be an eight-hour “humanitarian pause” in the battered city on Thursday, a move welcomed ...

  Mogadishu / AFP Fighting between Somali troops and Al-Qaeda-linked Shabaab fighters was ongoing on Tuesday in the key town of Afgoye, some 30 kilometres (18 miles) northwest of the capital Mogadishu, a security source and a witness said. “There is heavy fighting going on at several bases in Afgoye district and one of the bases was attacked with a ...