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

  DUBAI / WAM The Islamic Development Bank (IDB) listed a $1.25 billion Sukuk on Thursday on Nasdaq Dubai, the region’s international financial exchange. It is the seventh Sukuk listing on the exchange by the IDB, making it the largest Sukuk issuer on Nasdaq Dubai at 8.55 billion US dollars. Altogether, Nasdaq Dubai has 56 Sukuk listings totalling US$43.96 billion, ...

  DUBAI / WAM Foreign investors purchased AED 2.5 billion worth of shares on Dubai Financial Market (DFM) and sold AED 2.4 billion over the week, DFM said on Thursday. Net foreign investment on the market reached AED 148.5 million, as aggregate buy. Value of shares bought by foreigner investors comprised 43.9 per cent of the total value of stocks ...

  ABU DHABI / WAM The Ministry of Finance (MoF) in collaboration with the Arab Monetary Fund held a workshop on modern technologies applied to financial services, its impact on the banking sector, and the challenges faced by Arab regulatory authorities to establish a suitable environment to adopt these new technologies. The workshop was held in the presence of Younis ...

  DUBAI / WAM The Telecommunications Regulatory Authority (TRA) recently hosted a workshop on ‘Implementing the Business Continuity Management Programme in Emergencies’, for the purpose of ensuring business continuity in the Information and Communications Technology sector, in emergency and crisis situations. The workshop saw the attendance of ICT sector operators in addition to nominees from the local emergency and crisis ...

  New York / AFP President-elect Donald Trump on Wednesday selected a political ally with close ties to China as ambassador to Beijing, stressed his determination to create US jobs and revealed he consulted with Barack Obama on his cabinet picks. The Republican’s election victory shocked the US establishment and alarmed the world, which is now waiting with bated breath ...

  Brussels / AFP EU negotiators said on Thursday they have resolved an internal row that had delayed visa-free travel to Europe for Ukrainians and Georgians. The European Commission and the bloc’s 28 members will be able to reimpose visa requirements more quickly and more easily under a compromise deal amid fears over immigration and terrorism. The deal struck between the ...

  Moscow / AFP Russian prosecutors on Thursday demanded a five-year jail sentence for a 21-year-old female student accused of trying to join the IS group in Syria. Varvara Karaulova is on trial in the high-profile case after she was detained last year as she tried to cross into war-torn Syria while still a philosophy undergraduate at the renowned Moscow State ...

Brussels / AFP The EU recommended on Thursday that member states resume sending asylum seekers back to Greece from March next year, after transfers were halted for five years because of poor conditions there. Brussels said it was a key step towards restoring the European Union’s migration policies and the passport-free Schengen zone, which nearly collapsed under the pressure of the ...

Athens / AFP A Greek appeals court on Thursday ruled against the extradition of two Turkish coup suspects demanded by Ankara, after electing to protect another three and send back three others. The Athens court accepted a prosecutor’s arguments that the two military officers — out of a total eight seeking asylum in Greece—would be at risk if sent back ...

  Yangon / AFP At least 11 people have died this month in northern Myanmar in escalating clashes between security forces and armed insurgents that have undercut Aung San Suu Kyi’s bid for peace. Thousands have fled their homes in northern Shan state since the fighting erupted in late November, with many crossing the border into China. In response, Beijing ...