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

  The differences between China and the U.S. over the South China Sea issue have become a matter of concern and even anxiety. But some of the perceptions in the U.S. and elsewhere about China’s policy and intentions in the area are misplaced. A pressing task is to understand the facts and China’s intentions correctly so as to avoid real ...

  BLOOMBERG Global stocks slid to a six-week low and commodities fell as markets braced for the possibility that the Federal Reserve will raise interest rates as soon as next month. A gauge of the dollar’s strength stood at a seven-week high. Oil fell as OPEC members agreed to stick to the policy of unfettered production, while European stocks and ...

  Bloomberg The Chinese smelters that churn out more than 40 percent of the world’s zinc may cut production for the first time in four years because they can’t get enough raw material, further lifting prices of one of this year’s strongest-performing commodities. Zinc, used for rustproofing steel in everything from auto bodies to suspension bridges, has surged as much ...

  DUBAI / Reuters Gulf stock markets were mixed before an OPEC meeting on Thursday to discuss coordinated action among oil producers to support prices. Egypt’s market rose as a newly listed healthcare stock performed strongly. Riyadh’s stock index added 0.5 percent with support from some petrochemical shares as Brent oil held near $50 a barrel. Saudi Basic Industries climbed ...

  Sunaina Rana / Emirates Business Ties between Peru and the UAE have seen a burgeoning growth over the past few years in terms of trade, investments and political relations. According to Alvaro Silva-Santisteban, Director of the Trade, Tourism & Investment Office Peru, UAE, the total exports from Peru to the UAE have increased by 700% from 2011 to 2014, ...

  DUBAI / Emirates Business The Community Management Week (CMW), a pioneering event that brings five dedicated shows under one banner, ended on a high note recently with the signing of new major business deals and engagements with thousands of visitors and professionals who witnessed a range of sustainable and cutting-edge community management solutions from the inter-related shows. Organized by ...

  ALKESH SHARMA / Emirates Business The UAE is witnessing a huge influx of tourists, reaching for business as well as leisure purposes. Considering the extent of commercial activities in the country, pressure on the ecosystem is bound to surge manifold in the coming years, affirm industry experts. Notably, the corporates in the Emirates have started making a sustainable contribution ...

  ABU DHABI / Emirates Business The Abu Dhabi Sports Council (ADSC) has teamed up with the Abu Dhabi National Exhibitions Company (ADNEC) to organise the Abu Dhabi Sports Festival — a two-month celebration of sports and community. The first month will see exciting football and volleyball tournament action. Victorious teams will walk away with up to AED 300,000 (USD ...

  Dubai / Emirates Business The Foreign Exchange and Remittance Group (FERG) — comprising businesses engaged in money exchange and remittances — held its scheduled Midyear General Meeting (MGM) at the Shangri La Hotel, Dubai. The MGM was an occasion for FERG members to network and exchange views while participating in setting the organisation’s strategy and agenda for the latter ...

  Bloomberg U.K. Prime Minister David Cameron and opposition Labour Party leader Jeremy Corbyn returned to the front line to make the case for staying in the European Union as the anti-Brexit campaign attempted to maintain momentum three weeks out from Britain’s referendum. The pound dropped earlier this week as successive polls showed a swing in favor of “Leave,” suggesting ...