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

  Dubai / WAM The second edition of the Innovation 4 Impact Competition will take centre-stage at the Global Islamic Economy Summit 2016 (GIES 2016) to be held under the theme ‘Inspiring Change’, at the Madinat Jumeirah in Dubai, from October 11-12. Islamic digital economy entrepreneurs from around the world will compete for a chance to win cash, gain global publicity, ...

  Abu Dhabi / WAM AkzoNobel has raised its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60 percent to 100 percent. The transaction forms part of the company’s accelerated growth strategy for Egypt and the wider North Africa region. As well as operating a state-of-the-art powder coatings plant in Cairo, Akzo Nobel Powder Coatings SAE also has a ...

  Dubai / WAM The number of ideas put forward by Dubai Customs (DC) staff to the Mohammed bin Rashid Smart Council, from its launch in October 2015 until the end of June, was 1,527, of which 687 were approved, representing about 45% of the overall number submitted. This percentage was reached as a result of the enthusiasm shown by ...

  PHILADELPHIA En route to fight one of his many duels, French politician Georges Clemenceau bought a one-way train ticket. Was he pessimistic? “Not at all. I always use my opponent’s return ticket for the trip back.” Some Hillary Clinton advisers, although not that serene, think her victory is probable and can be assured. Her challenge is analogous to Ronald ...

  History was made early Tuesday when Solar Impulse 2 completed its historic round-the-world journey, becoming the first solar-powered airplane to circle the globe, with the aim to promote renewable energy. The selection of Abu Dhabi to be the launch-pad and the final leg of the epic odyssey wasn’t coincidental as the capital has been the centrestage of clean energy. ...

  Catherine Putz SPECIAL TO EMIRATES BUSINESS Days after two suicide bombers killed more than 80 people amid a peaceful demonstration in Kabul, the country’s president said the Af-Pak relationship is Afghanistan’s biggest problem. In an interview with Pakistani media, President Ashraf Ghani agreed that terrorist groups, like the Taliban and al-Qaeda, are threats to the country but noted that ...

Standard economic theory says that taxation reduces productivity. If you tax income, you reduce the incentive to work. If you tax capital gains, you reduce the incentive to invest, and so on. When you discourage useful economic activity, the economy becomes less efficient. But what if it were possible to impose taxes in a way that also increased productivity? That’s ...

  Dubai / Emirates Business There are 183 hotel projects and 54,000 hotel rooms in the UAE pipeline, according to a new report. The hotel construction report by TOPHOTELPROJECTS prepared exclusively for The Hotel Show Dubai 2016 reveals that the majority of the new hotels are expected to open before 2020. The busiest years are forecast to be 2017 (56 ...

  ABU DHABI / Emirates Business Emirates Property Investment Company (EPICO), the property and facilities management arm of Al Fahim Group, has announced the opening of its new office in Abu Dhabi. Located in the Mezzanine 1 level of Dalma Plaza, Hamdan Street, Abu Dhabi, the new office aims to cater to the growing demand for EPICO’s specialized leasing and property ...

  Dubai / Emirates Business In response to the strong market demand, Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced the launch of the second tower of Bellevue Towers for sale. The sought-after residential development has garnered huge investor interest and high customer demand after the iconic Bellevue Tower 1 was launched in ...