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

  The Hague / AFP The Dutch economy has grown by 2.1 percent this year the government’s economic think tank said, thereby recovering to pre-financial crisis levels. “With one quarter to go, 2016 has been a special year for economic recovery,” the Hague-based Central Planning Office said in a statement. “Production per capita is back to 2008 levels following double ...

  Bloomberg Uber Technologies Inc. is expanding a partnership with WageWorks Inc. that allows users of the ride-sharing giant’s UberPool service to pay for commutes to and from work with pretax funds, bringing the benefit to several cities across the US The program will extend to areas including San Francisco, Philadelphia, Boston and Denver, according to a statement Tuesday from ...

  DUBAI / Reuters Stock markets in the Gulf pulled back on Tuesday as investors turned their attention to an expected US interest rate hike on Wednesday and the upcoming Saudi Arabian state budget for 2017. In Riyadh, the index declined for a second straight session, falling 0.8 percent. Trading volume shrank by roughly half from Monday’s very large amount. ...

  Bloomberg Global stocks advanced while the dollar was little changed amid optimism that the Federal Reserve’s expected rate increase signals confidence that the economy is strengthening. Italian equities and bonds surged on bank recapitalization plans. The S&P 500 Index rebounded after halting its longest rally since 2014 on Monday. European stocks reached an 11-month high as Italy’s largest lender ...

  DUBAI / WAM The UAE Cabinet launched an expanded World GovTechioneers Race, a three-category annual award designed to acknowledge government technology pioneers who provide global solutions to common global challenges. The award was launched to motivate government entities to promote creative and smart government initiatives and partnerships that would aim to provide innovative, smart solutions to help resolve common ...

  Dubai / EMIRATES BUSINESS Deyaar launched a drive to help customers make the right investment choices, with a range of generous promotional offers that include zero down payments on new properties and waivers for Dubai Land department fee. Marking end of a successful year, Deyaar is launching promotion that covers some of its key residential projects – Midtown, Mont ...

  DUBAI / EMIRATES BUSINESS Abu Dhabi Chamber of Commerce & Industry announced the launch of the 2016 Edition of the International Franchise Conference & Exhibition, on December 14, at Abu Dhabi National Exhibition Centre. The event, now in its 4th edition, is widely considered one of the most successful franchising events in the region, with discussions focused on modern ...

  DUBAI / WAM Officials from the International Chamber of Commerce-United Arab Emirates (ICC-UAE) and the ICC World Chambers Federation met in Dubai to discuss ways of boosting co-operation and communication, and encouraging the private sector to benefit from the chambers’ services. During the meeting, Humaid Mohammed bin Salim, Chairman of the ICC-UAE Board, briefed Peter Mihok, Chair of the ...

  Abu Dhabi / Emirates Business The second edition of the Global Summit of Women Speakers of Parliament convened a panel of experts who examined the geopolitical, socioeconomic, educational, environmental and technological megatrends that are shaping our future and changing the world and how it is governed. Under the title ‘Reimagining the Future: The Megatrends Shaping Our World’ led byJohn ...

  AJMAN / WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Monday received the Ambassador of the People’s Republic of China, Ni Jian, in his office at the Emiri Court. The ambassador went to greet Sheikh Humaid on the occasion of the beginning of his tenure in the UAE. During the meeting, ...