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 Board of Directors of the UAE Banks Federation (UBF) met on Sunday in Dubai to review the latest developments in the banking sector. Presided over by Abdul Aziz Al Ghurair, Chairman of UBF, the meeting discussed the federation’s future plans and actions that will contribute to accelerating the growth of the UAE banking sector in ...

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi International Airport (AUH) welcomed 1.9 million passengers in October. More than twenty million passengers have passed through the airport so far this year. Total passengers numbered 1,903,556 in October 2016. The number of travelers between January 1 and October 31 reached 20,432,279 — an increase of 5.4% on the 19,393,074 for the ...

  Bloomberg No country on the planet is better prepared to pay for its aging population than Denmark. But a nation whose pension industry has been ahead of the curve for decades is now bracing for a fundamental shift that most people probably aren’t prepared for, according to the financial regulator. Jesper Berg, the director general of the Financial Supervisory ...

  Bloomberg Meeting Donald Trump’s demands on defense spending could allow NATO-member Denmark to buy a dozen F-35 fighter jets and four frigates. While it’s questionable the added firepower would stop a hypothetical Russian invasion, the cost of rearming would certainly cause serious damage to its cherished welfare state. During his presidential campaign, the victorious Republican candidate raised alarm among ...

  Paris / AFP Winds gusting to hurricane force left nearly 70,000 homes in western and northwestern France without power Sunday, the national electricity grid Enedis said. The national weather agency Meteo France said winds powering to 160 kilometres (100 miles) per hour battered the Breton peninsula and Normandy coast overnight, and two other regions remained under a storm alert. ...

  London / AFP Britain’s first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released on Sunday. The budget will be new finance minister Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under previous prime minister David Cameron, Osborne ...

  LIMA / AFP President Barack Obama planned separate talks with the leaders of Australia and Canada before wrapping up the final foreign trip of his presidency. Both countries helped negotiate a multinational trade agreement with the US and nine other Pacific Rim countries. But Congress is unlikely to ratify the deal, dealing a blow to Obama’s once high hopes ...

  Bloomberg The UK’s main corporate lobby is urging the government to clarify what happens on the day after Brexit, seeking to ensure that business isn’t left dangling if the country is unable to strike new trade deals before it leaves the European Union. “Businesses are inevitably considering the cliff-edge scenario—a sudden and overnight transformation in trading conditions,” Paul Drechsler, ...

  Dubai / WAM The wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has redefined the concept of innovation, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has said. It ...

  Abu Dhabi / WAM The National Media Council (NMC) launched its first activities during Innovation Week, which include a series of training workshops dealing with happiness in innovation, career harmony and media innovation, with the aim to establish a culture of innovation in the institutional and media work environment. These activities aim to bring happiness to the staff so that ...