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

  New Delhi / AFP He shot onto the world stage after winning a glittering international fashion prize previously given to design icons Yves Saint Laurent and Karl Lagerfeld. Yet India’s Suket Dhir — hailed by Vogue as a potential “global fashion superstar in the making” — is uneasy about the sudden attention that has come with winning the International ...

  AFP With the help of superstar models Gigi and Bella Hadid, Karl Lagerfeld unveiled his vision of what stylish young women will be wearing next summer: glitter lips and big pants that everyone can see. The veteran German designer’s latest work for Fendi was a playful affair — or “decorative opulence twisted with an athletic elan,” as he put ...

  Favara / DPA Ten years ago, Favara was a sleepy dormitory town of 30,000 in Italy with a crumbling and rapidly depopulating historic centre surrounded by the messy urban sprawl that is common across Italy. It has become an unlikely tourist hotspot, thanks to an enterprising local couple whose buzzing contemporary art centre, Farm Cultural Park, has reawakened civic ...

  Beirut / AFP Lebanese like Hamza al-Sees should have no problem finding a beach to while away the summer in a country stretching along the Mediterranean. But as private developers have gobbled up seafront land and families complain of ever-more polluted waters, many Lebanese say it is cheaper and cleaner to fly abroad than go to the beach at ...

  Fujairah / WAM Fujairah’s quest to develop its energy sector within the UAE’s national energy strategy has catapulted the country to become a world leading bunkering hub, HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, said on Thursday. “The launch on Wednesday of the first Very Large Crude Carrier Jetty on the Indian Ocean ...

  DUBAI / WAM Foreign investors purchased AED726.2 million worth of shares on the Dubai Financial Market (DFM) and sold AED664.4 million over the week, DFM said on Thursday. Net foreign investment on the market reached AED61.8 million as aggregate buy. Value of shares bought by foreigner investors comprised 48.1 percent of the total value of stocks traded during the ...

  Dubai / EMIRATES BUSINESS Antigua and Barbuda is expecting to see a significant boost in investment and travel from the Middle East. An exclusive exposition style conference is set to take place in October 2016 at Dubai’s Palazzo Versace Hotel highlighting the islands’ exceptional investor and citizenship benefits. Antigua and Barbuda’s low-tax structure, offering investment free from personal income ...

  Aleppo / AFP Huge blazes erupted in Syria’s Aleppo as the city was rocked by fighting and air strikes on Thursday, ahead of last-ditch efforts by world powers to salvage a failed ceasefire. The truce deal brokered by Moscow and Washington fell apart earlier this week, ushering in a surge of fighting on all major fronts of Syria’s five-year ...

  Beirut/ AFP A “minister” in Syria’s opposition government was among at least 12 people killed in a car bomb attack in the south of the country on Thursday, the body’s spokesman said. “Twelve people, including the (opposition) provisional government’s local administration minister, Yaacoub al-Ammar, were killed” and dozens more were wounded, Shadi al-Jundi said by telephone. The attack targeted ...

  Aden / AFP An apparent US drone strike killed three suspected Al-Qaeda members on Thursday in Yemen, including a mid-ranking commander, security officials said. A missile destroyed a vehicle which the three suspects were using in the region of Sawmaa in central Baida province, the officials said. One security official said extremists had recently sought refugee in the vicinity ...