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

  Adam Minter Nobody would ever mistake the Chinese Communist Party for a fleet-footed, democratic organization responsive to public opinion. But over the decades it’s shown a capacity to recognize when political winds are shifting and has been willing to accept outside advice and solutions. That’s changing under President Xi Jinping. China’s leadership has grown increasingly isolated and distant from ...

  Bloomberg A rally for Chinese banks listed in Hong Kong has cut their price gap to mainland shares in half — and that seems about as much as investors are willing to tolerate. In the five months through September, a gauge of the big four lenders’ Hong Kong shares jumped 15 percent as southbound cash poured into the stocks, ...

  Bloomberg Bank of China’s (BOC) top official in New York said he’s boosting compliance efforts amid a US crackdown on illicit money moves that already led to a $215 million penalty against Agricultural Bank of China Ltd. “From the perspective of regulation, the U.S. is the toughest,” Xu Chen, chief executive officer and president of Bank of China’s New ...

Bloomberg Credit Agricole SA, France’s third-largest bank, said quarterly profit doubled from a year earlier as it booked gains from a reorganization and bond-trading income surged. The lender also pledged a stable or rising dividend for next year. Net income climbed to 1.86 billion euros ($2.1 billion) in the third quarter, the bank said in a statement on Tuesday, in ...

Bloomberg The popularity of Malaysia’s ringgit and Indonesia’s rupiah among global investors has made them Southeast Asia’s most volatile currencies, just as the region heads for troubled waters. Already reeling from a commodity slump, debt in the two nations is seen by strategists as the most vulnerable to concerns surrounding the U.S. presidential election and the Federal Reserve’s next interest-rate ...

  Bloomberg As Greek banks struggle to clean up their balance sheets of bad loans, investors have been left pondering another uncertainty: Who will lead the country’s biggest lenders? The General Council of Greece’s bank recapitalization fund, HFSF, discusses whether to call an extraordinary meeting of National Bank of Greece shareholders aimed at forcing the lender’s chief executive officer, Leonidas ...

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) conducted a study to explore investment opportunities for GCC countries in Latin America and create a roadmap for bilateral relations between the two regions. The study comes in the lead-up to the Global Business Forum (GBF) on Latin America, which the Chamber is preparing to host on ...

  Abu Dhabi / Emirates Business Buoyed by rapid technology cost reductions and the consolidation of renewable energy policies, Latin America hosts some of the world’s most dynamic renewable energy markets, according to a new report by the International Renewable Energy Agency (IRENA). Renewable Energy Market Analysis: Latin America finds that the region – endowed with some of the world’s ...

  Dubai / Emirates Business Tabeer, the creative lab focusing on content and graphic design located in Dubai, celebrated its 10th anniversary at an exclusive reception held at its new offices on Sheikh Zayed Road. The reception was attended by a large gathering of Tabeer’s business partners, associates and friends. Three announcements were made at this celebration, further strengthening Tabeer’s ...

  Dubai / Emirates Business The eighth edition of the MENA Effie Awards (Effies) is set to take place on November 9, in the opulent settings of the Pavilion, Armani Hotel Dubai. More than 1,500 people, including many of the best marketers in the Middle East, are anticipated to attend this year’s ceremony, which honours the greatest and most effective ...