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

  Bloomberg Oil fell to a one-month low in New York on speculation that the resumption of shipments from Libya and Nigeria may add to the global surplus. Futures dropped 2 percent. Libya and Nigeria, whose supplies have been reduced by domestic conflicts, are preparing to boost exports within weeks. A tanker that’s supposed to collect crude from a key ...

  AMMAN / AP Conflicts in Middle Eastern countries such as Iraq, Libya, Syria, and Yemen have erased “development gains for a whole generation,” including driving up already high levels of poverty and unemployment, the head of the International Monetary Fund said. The international community must be prepared to scale up long-term development aid in the region to rebuild infrastructure ...

  Reuters Egypt was unable to garner a single offer from wheat suppliers at its state grain tender on Friday, forcing it to cancel and raising renewed questions about its ability to tap global wheat markets while maintaining a ban on ergot fungus. Friday’s cancelation comes amid a flurry of cargoes either rejected or held from export since Egypt reinstated ...

    Sharjah / Emirates Business There are several equitable added values which are derived from the significant role which SMEs play to the strategic global economic development process. The Sharjah FDI Forum, organised by the Sharjah Investment and Development Authority (Shurooq), in collaboration with Financial Times (FT) and the fDi magazine, has geared up its 2nd edition with a ...

  DUBAI / Emirates Business A10 Networks (NYSE: ATEN), a technology leader in application networking and security, has announced its participation at GITEX Technology Week 2016 where it will showcase the company’s A10 Harmony solution architecture. The first of its kind solution empowers businesses to deliver secure application services across traditional data centres, private, public and hybrid clouds, helping them ...

  DUBAI / Emirates Business Making true digital transformation is difficult unless organizations in the Middle East embrace central themes such as software-defined everything, hyperscale, containers and hybrid cloud. Proprietary technology will no longer exist as a viable innovation model. Red Hat, the world’s leading provider of open source solutions, will participate in GITEX 2016, taking place from October 16-20, ...

    DUBAI / Emirates Business Construction companies from the Middle East and abroad are gathering in Dubai to launch thousands of innovative products addressing energy saving, sustainability and fire safety challenges at the Windows, Doors and Façades Event opening on Sunday. As the UAE construction industry prepares for the implementation of the new Dubai Civil Defence laws governing the ...

Emirates Business Hot-on-the-heels of the highly-successful Spring edition, the Autumn edition of the SoPritti — Fashion, Glamour and Lifestyle exhibition will take place from 10am to 8pm on September 24 at the Al Yasaat Ballroom, Murooj Rotana Hotel, Dubai. In the tradition of the Sopritti exhibition’s previous 12 editions, the glamourous event will showcase highly sought-after fashion, jewellery and accessory ...

  AFP In an industrial space accessed through a Soho record shop, three young designers style their models in a cramped cubicle before sending them out to a cheering crowd sipping bottled beers. Away from the polish of London Fashion Week’s main schedule, up-and-coming designers star in a host of rough and ready shows — and for many, they are ...

  AFP Marc Jacobs, the creme de la creme of American designers, brought New York Fashion Week to a glittering finale last week, delivering a must-see show starring multi-colored dreadlocks and towering platform boots. In keeping with the artistic, theatrical look of his clothes, Jacobs took over the Hammerstein Ballroom, a former opera house, that gave A-list guests Whoopi Goldberg ...