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

  Beijing / AFP China has lodged a diplomatic protest with Singapore after a shipment of Singaporean military armoured vehicles being brought back from Taiwan was seized in Hong Kong, Beijing’s foreign ministry said on Monday. Beijing stated its opposition to “any form of official exchanges with Taiwan, including military exchanges and cooperation”, foreign ministry spokesman Geng Shuang told reporters, ...

  Berlin / AFP Francois Fillon, frontrunner to become France’s next president, has sparked unease in Germany with his friendly attitude toward Russia, which could make him an uncomfortable ally for Chancellor Angela Merkel. Fillon secured the nomination of the French conservative Republicans on Sunday with a resounding victory over his more moderate challenger Alain Juppe. Opinion polls currently predict that ...

  Nicosia / AFP UN envoy Eden Barth Eide held separate talks with rival Cypriot leaders on Monday to try to revive peace negotiations after “very high hopes” of a breakthrough were dashed last week. “What we are working on is to see how we can re-establish the momentum we had, but this has to be a decision made by ...

  London / AFP Britain’s anti-EU party UKIP elected former history lecturer Paul Nuttall as its new leader on Monday to take over from Brexit firebrand Nigel Farage, a political ally of US President-elect Donald Trump. Nuttall promised to unite the party — a driving force behind Britain’s vote to leave the EU—which has been under threat from bitter infighting and ...

  London / AFP Poland’s prime minister called on Monday for a Brexit “compromise” and said Europeans in Britain and Britons in Europe should not be “made to feel like hostages” as she kicked off a landmark trip to London. Britain’s shock vote in June to leave the European Union sparked fear among the 800,000 Poles living in Britain, particularly ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The agreement was signed by Dr. Sultan Ahmed Al Jaber, Minister of State and Chairman of Masdar, and Saeed Mohammed Al Tayer, MD & ...

  Abu Dhabi / WAM Over 2,000 Abu Dhabi National Oil Company (ADNOC) Group employees, from across 18 operating companies, walked together, on Monday, from ADNOC’s headquarters to the headquarters of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO), and back, to mark the 45th anniversary of the founding of ADNOC on November 28,1971. Dr Sultan Ahmed Al Jaber, UAE ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has expressed his pride in the nation’s youth in a text message sent to all national and reserve service recruits, and those who had completed the training. He lauded the national spirit, responsibility, commitment, ...

  Dubai / Emirates Business The 8th annual edition of World Islamic Retail Banking Conference (WIRBC) kicked off at The Dusit Thani Hotel in Dubai on Monday with the participation of over 200 delegates attending to hear what more than 40 experts in the field have to say about consumer behaviour, innovations and strategies in the global Islamic banking landscape ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai received the ‘Gold’ accreditation for at the International Conference 2016 of ‘Ideas UK,’ on account of its suggestion scheme and innovation management. The Gold accreditation is granted top ideas that make a demonstrated impact on improving organisational efficiency as measured against more than 80 parameters, including legislative ...