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

  Bloomberg The US unemployment rate is below five percent, manufacturing is picking up, and jobless claims are falling, but Deutsche Bank AG says there’s still reason to worry about a recession. According to the firm’s Chief US Economist Joseph LaVorgna, looking at the index of leading economic indicators — a measure by the Conference Board that includes economic indicators ...

  Bloomberg China expanded efforts to steady the currency markets, with the central bank adding verbal support to the exchange rate after a week that saw it slip past a key level against the dollar. The People’s Bank of China will work hard to keep the yuan stable against a basket of currencies, Deputy Governor Chen Yulu said at a ...

  Our Correspondent EMIRATES BUSINESS Misfit invents and designs wearables and smart home products. Misfit brand products including Shine 2, Flash, Link, and Bolt are available at misfit.com and fashion and consumer electronics retailer around the world. Wearables are gaining ground – according to the International Data Corporation (IDC) the wearables market is set to be worth USD 56 billion ...

  Our Correspondent EMIRATES BUSINESS Say goodbye to the run of the mill mascara hacks, falsies, curlers and nourishing ingredients for perfect long, thick and dark eyelashes. European cosmetic giant Oceanic SA has launched their revolutionary eyelash and eyebrow enhancing serum Long Lashes Forever in the UAE, aimed at those desiring long, thick and dark eyelashes and eyebrows. This high-performance ...

  SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) participated in the second edition of the GCC-British Economic Forum, which took place on July 21. Organised by the Arab British Chamber of Commerce and hosted in London, the forum saw the attendance of senior Emirati and British officials, executives, decision-makers, investors and businesspersons. Held under the banner: ‘Vision, Challenges ...

  Emirates Business Etihad Airways and Arab Film Festival Australia are joining forces again in 2016 to bring the best of contemporary Arab cinema to Australian audiences. The 13th annual Arab Film Festival Australia opened last night in Sydney showcasing diverse films from Australia, Lebanon, Egypt, Iraq, Palestine and Syria. The festival program ranges from a powerful story of a ...

  DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed RTA’s intention to launch an Integrated Mobility Platform in Dubai, enabling customers an easy access to all mass transit systems through a single window (smart app). In this transit hub, RTA’s multi-modal transit systems (metro, tram, buses, marine ...

  Dubai / Emirates Business The Awqaf and Minors Affairs Foundation (AMAF) received a donation of AED500,000 from Emirates Islamic Bank in support of the salma Humanitarian Relief programme that aims to distribute millions of halal meals to victims of conflicts and wars globally, and is implemented in cooperation with several national entities. Awatif Al Harmoodi, General Manager – Operational ...

  ABU DHABI / WAM Organisers of the Etisalat Award for Arabic Children’s Literature have called for applicants who are considering entering the prestigious award programme for this year to ensure that they don’t miss the submission deadline. Sponsored by Etisalat Group (Etisalat) and organised by the UAE Board on Books for Young people (UAEBBY), the award’s eighth edition is ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF) reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the UAE’s economic performance in 2016. The Executive Board of the IMF discussed the report during its last meeting, praising the country for its UAE Vision 2021, government strategies and ability to ...