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

  Ajman / Emirates Business Different type of dates including bunches of new harvests were submitted by farmers at the 3rd Liwa Ajman Date Festival and judges will determine the tastiest, healthiest and best looking fruits to win the prize. On the first day of the festival, Saif Saif Thamer Al Marar was announced first prize winner while Mohammed Ahmed ...

  Emirates Business AVIVO Group – a leading healthcare services provider in GCC with 32 healthcare facilities under its umbrella, announced today that it has successfully completed the purchase of majority stake in KALIUM Group, a well-established group in the field of medical aesthetics with a regional distribution company, clinics and educational institutes. The transaction was successfully completed during July ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has launched the Ideal Home initiative, in cooperation with Dubai Police, Dubai Municipality, Dubai Health Authority (DHA), the Community Development Authority in Dubai (CDA), Dubai Smart Government, Dubai Corporation for Ambulance Services, and the General Directorate of Civil Defence. This is one of the ways DEWA is enhancing government ...

  Abu Dhabi / Emirates Business National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling utility infrastructure company, today released its 2016 first half consolidated financial results. The company continues to deliver a consistent performance driven by its core chilled water business and its strong regional presence. Waleed Al Mokarrab Al Muhairi, Tabreed’s Chairman, said: “As a ...

  Dubai / Emirates Business Renowned Middle Eastern perfume brand Rasasi is set to introduce a new benchmark in consumer experience, by embarking on a thoroughly elegant redesign of its flagship store in City Centre Deira. To elevate the shopping experience of Rasasi customers, the innovative store introduces a sophisticated design to create an exceptional and imaginative translation of the ...

  Bloomberg Lloyds Banking Group Plc will cut a further 3,000 jobs as it warned Britain’s vote to leave the European Union would hurt its ability to boost dividend payments. Pretax profit, excluding one-time items, fell to 4.16 billion pounds ($5.5 billion) in the first half of the year, from 4.27 billion pounds a year ago, the London-based bank said ...

  Bloomberg HSBC Holdings Plc is weighing the sale of a portfolio of Latin American client assets that are managed in Switzerland to Banco Santander SA as the British lender restructures its private bank, according to people familiar with the matter. Santander is interested in the portfolio, which could include $4 billion to $6 billion of assets under management, as ...

  Bloomberg Banco Bilbao Vizcaya Argentaria SA is preparing its second management reorganization in 14 months as Chairman Francisco Gonzalez streamlines Spain’s second-biggest lender and accelerates its push into digital banking. Units in Spain, Mexico, the U.S. and Turkey will report directly to Chief Executive Officer Carlos Torres under the new structure, with the remainder under the responsibility of a ...

  Bloomberg Deutsche Bank AG investors have grown accustomed to John Cryan’s blunt talk since he took the helm a year ago. He’s chastised bankers for their pay and described his employer as an “endemic underperformer.” But some were still surprised on Wednesday when the chief executive officer said unjustified doubts over Deutsche Bank’s financial strength had spooked some clients ...

  Beijing / AFP China and Russia will hold joint naval exercises in the South China Sea in September, Beijing’s defence ministry said Thursday, after an international tribunal invalidated the Asian giant’s extensive claims in the area. The drills will be carried out in the “relevant sea and air of the South China Sea”, defence ministry spokesman Yang Yujun told ...