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

  Once again, India is in danger of sabotaging its own efforts to raise foreign investment to China-like levels. The latest salvo in this undeclared, self-defeating war is the government’s reported decision to block Tata Sons from paying what arbitrators say the company owes to a former partner, the Japanese company NTT DoCoMo. The decision is particularly odd because, under ...

  Statistically, the odds of being caught up in a terrorist attack in Europe are still vanishingly small. But the Bastille Day killings in Nice, the attack in Ansbach, and the brutal slaying of an elderly French priest in his church near Rouen have punctured any remaining sense that the threat from terrorism is remote or receding. Saturday’s machete attack ...

  Marie WOLFROM In Africa, military coups and election violence are becoming rarer but poll rigging and manipulation remain rife, hobbling the continent’s democratic progress, experts say. “We have this paradox where the number of elections is increasing but their quality is decreasing,” said Nic Cheeseman, an associate professor of African studies at Oxford University. “Leaders are becoming more and ...

  Bloomberg Emerging-market stocks and currencies headed for the highest close in more than a year as prospects for central bank stimulus and a better-than-expected U.S. jobs report fueled demand for higher-yielding assets. Turkish assets gained after Moody’s Investor Service delayed a potential sovereign downgrade. South Korean stocks rallied after S&P Global Ratings raised the country’ credit ranking. Russia’s ruble ...

  DUBAI / Reuters The Nasdaq Dubai exchange will open an equity futures market next month to trade single-stock futures on the shares of some of the United Arab Emirates’ biggest companies, the bourse’s chief executive said on Monday. The introduction of stock futures could be a major development for equity markets in the UAE, where short-selling is restricted and ...

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (ADNEC) on Monday announced H1 results that demonstrate strong operating performance and continued growth. The company registered AED1.32 billion in direct and indirect economic impact and drew more than 812,000 visitors to its conferences and exhibitions at Abu Dhabi National Exhibition Centre and Al Ain Convention Centre in H1 2016. With ...

  Dubai / WAM Dubai Industrial Park (DIP) the dedicated industrial hub within Dubai Wholesale City, is opening up 70 pre-built storage and light industrial unit warehouses for lease to meet the dynamic needs of the region’s manufacturing and logistics sector. The ready-to-use warehouses and storage spaces are available for short-term and long-term lease. Ranging in size from 5,000 to 10,000 ...

  Dubai / WAM The Roads and Transport Authority (RTA) announced the expansion of the Abra service on Dubai Fountain Lake by launching the Burj Plaza Station, which will enable more visitors to view the Dubai Fountain shows. Mansour Al Falasi, Director of Marine Transport, RTA Public Transport Agency, said, “Launching Burj Plaza Station for electric abras aims to attract more ...

  Dubai / Emirates Business As part of its Future Partnership Program, Dubai Future Foundation (DFF) announced that it will host the ‘Build Earth Live’ contest organized by ‘Astie’ for the Hyperloop Designs in September this year in Dubai. The event includes designing a hyperloop link project that will reduce the distance between Dubai and Fujairah to less than 10 minutes ...

  Dubai / WAM Saeed Mohammed Al Tayer, Chairman of Smart Dubai Office (SDO) received Humaid Mohamed Al Qatami, Chairman and Director-General of Dubai Health Authority (DHA) at the DEWA Head Office in Dubai. The visit comes as part of DEWA’s commitment towards improving cooperation, developing partnerships, and exchanging skills and information between gover- nment organisations. “In adherence with the directives ...