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

  AFP China said on Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. Duties on the materials, used in power transformers and electric motors, will range from around 37 to as high as 46.3 percent, the commerce ministry said ...

  AFP A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers. Banks in Bangladesh, the Philippines, Vietnam and Ecuador have been victimised over the past year in the attacks on the global interbank service known as SWIFT, and ...

  Bloomberg Nigeria’s naira fell to a record against the dollar as Africa’s largest economy struggles with a scarcity of foreign exchange more than a month after the currency was devalued. The naira weakened beyond 300 to the dollar for the first time on Friday, according to generic data compiled by Bloomberg, tumbling 2.3 percent to 300.25, Nigeria’s commercial capital. ...

  BLOOMBERG Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest bank, is weighing a fresh round of job cuts across the company to lower costs, three people with knowledge of the matter said. The bank may eliminate 2,000 positions or more, said the people, asking not to be identified because the matter is private. The cuts would mostly affect branches and ...

  Bloomberg The US unemployment rate is below five percent, manufacturing is picking up, and jobless claims are falling, but Deutsche Bank AG says there’s still reason to worry about a recession. According to the firm’s Chief US Economist Joseph LaVorgna, looking at the index of leading economic indicators — a measure by the Conference Board that includes economic indicators ...

  Bloomberg China expanded efforts to steady the currency markets, with the central bank adding verbal support to the exchange rate after a week that saw it slip past a key level against the dollar. The People’s Bank of China will work hard to keep the yuan stable against a basket of currencies, Deputy Governor Chen Yulu said at a ...

  Our Correspondent EMIRATES BUSINESS Misfit invents and designs wearables and smart home products. Misfit brand products including Shine 2, Flash, Link, and Bolt are available at misfit.com and fashion and consumer electronics retailer around the world. Wearables are gaining ground – according to the International Data Corporation (IDC) the wearables market is set to be worth USD 56 billion ...

  Our Correspondent EMIRATES BUSINESS Say goodbye to the run of the mill mascara hacks, falsies, curlers and nourishing ingredients for perfect long, thick and dark eyelashes. European cosmetic giant Oceanic SA has launched their revolutionary eyelash and eyebrow enhancing serum Long Lashes Forever in the UAE, aimed at those desiring long, thick and dark eyelashes and eyebrows. This high-performance ...

  SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) participated in the second edition of the GCC-British Economic Forum, which took place on July 21. Organised by the Arab British Chamber of Commerce and hosted in London, the forum saw the attendance of senior Emirati and British officials, executives, decision-makers, investors and businesspersons. Held under the banner: ‘Vision, Challenges ...

  Emirates Business Etihad Airways and Arab Film Festival Australia are joining forces again in 2016 to bring the best of contemporary Arab cinema to Australian audiences. The 13th annual Arab Film Festival Australia opened last night in Sydney showcasing diverse films from Australia, Lebanon, Egypt, Iraq, Palestine and Syria. The festival program ranges from a powerful story of a ...