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

  As Russian intelligence agencies escalate their use of the US-created internet as a tool of political sabotage, it’s haunting to recall the famous communist dictum: “The capitalists will sell us the rope with which we will hang them.” Against this menacing background, the subject of internet governance — long an arcane topic of discussion among geeks and technologists — ...

  The saying goes like this: counting other people’s sins does not make you a saint. And it defines Donald Trump, the Republican presidential candidate. Trump, a political neophyte, has attacked anything and everything during his primary campaign preceding nomination. He is uncouth, impulsive and belligerent. And he does not mince words. And yes, he shoots from the hip. Many ...

  One of the most famous and incisive critics of the banking industry has now taken a job as an adviser to a bank. The outcry that has followed is not only unjustified but also bewildering. Mervyn King, former governor of the Bank of England, has stirred controversy with his new job at Citigroup. Critics say such moves create a ...

  The collapse of China’s stock markets a year ago was eye-catching, but in the end, hardly earth-shattering. Despite the pain for millions of retail investors, the fact is that stocks remain a small part of the financial system in China. Their brief, giddy rise and spectacular collapse never really threatened the wider Chinese economy, let alone the global financial ...

  Bloomberg US stocks fluctuated near an all-time high, while a rebound in crude oil lifted energy producers and gold snapped its longest rally in six weeks. The rally in global bonds faltered. The S&P 500 Index swung between gains and losses as retailers stumbled a second day on lackluster quarterly results. Crude rose past $40 a barrel after U.S. ...

  DUBAI / Reuters Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further. Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, ...

  Dubai / WAM Growth of the UAE’s non-oil private sector accelerated to a ten-month high in July. Sharp expansions of output and new work helped the sector to gather momentum, alongside quicker rises in purchasing activity and employment. Notably, the rate of job creation was the fastest in over a year. Meanwhile, purchasing costs continued to increase solidly. The rate ...

  Dubai / WAM A total of 503 fake passports were seized during the last six months by the Expertise Centre Identity and Fraud Documents (ECIFD) system at Dubai International Airport, according to a top official. During an inspection visit to the ECIFD, Major General Mohammed Al Marri, Director-General of the General Directorate for Residency and Foreigners Affairs in Dubai, GDRFA-Dubai, ...

  Dubai / Emirates Business In line with its commitment to support aerospace innovation across the Middle East, Honeywell (NYSE:HON), has brought its industry-leading test aircraft to Dubai for a three-day stop as part of final testing for a revolutionary new GX Aviation, high-speed inflight Wi-Fi network arriving to airlines and business jets later this year. Honeywell has a long ...

  RAS AL KHAIMAH / wam The Ras Al Khaimah Department of Economic Development (DED) in cooperation with the Federal Competitiveness and Statistics Authority, has completed its annual economic survey and quarterly survey (Q1 2016), which ran from April 10 until June 16. The surveys involved 1,200 companies across a variety of sectors throughout the emirate, including free zones, and ...