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

  Dubai / Emirates Business The Global Certification Forum (GCF) is to seek input and feedback from mobile industry stakeholders about how its mobile phone certification scheme could add value for the industry and consumers in the Middle East. In association with UAE-based telecom service provider – du, GCF will host two workshops in Dubai during July 19-20 for operators ...

  Dubai / Emirates Business Emirates NBD, the UAE’s largest lender, delivered a solid set of financial results with net profit up 12% to AED 3.7 billion. The healthy operating performance was helped by an increase in total income, driven by asset growth and higher core fee income, coupled with higher recoveries. Emirates NBD’s solid financial and operating performance, along ...

  Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has delivered strong results for the period ending June 30, 2016. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman and Managing Director of Emirates NBD, said: “We are extremely pleased with our strong growth and performance that underlines the growing relevance ...

  Sharjah / WAM The United Arab Bank, UAB, announced its financial results for the six months ended June 30, generating a net profit of AED71 million. The bank says that it is returning to its traditional ‘core’ corporate roots, complemented by focussed retail and treasury propositions, while continuing to pro-actively de-leverage from its ‘non-core’ higher risk portfolios in an ...

  ABU DHAB-BEIJING / WAM The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MoU provides a framework to provide assistance, exchange regulatory information and cooperate in the supervision ...

  Dubai / Emirates Business “With our resilient balance sheet and strong franchise, we remain focused on delivering sustainable growth and improving long-term financial performance and returns for shareholders. Our strategic pillars continue to define our business model and provide a clear direction for us. We are well positioned for the second half of 2016 and confident in our ability ...

  WASHINGTON Neither the unanimous decision by the Permanent Court of Arbitration in The Hague, nor China’s rejection of it, was surprising. The timing of it was, however, as serendipitous as China’s rejection is ominous. Coming as Republican delegates convene on Lake Erie’s shore, the tribunal’s opinion about the South China Sea underscores the current frivolousness of American politics, which ...

  The recent failed coup attempt was the last thing expected by the Turkish government, which is grappling with a lot of odds that cast shadow over tourism in particular and economy in general. The turmoil will take economic toll on a country where tourism is an essential source of foreign currency to finance current-account deficit. The sector employs 8 ...

  Mark Buchanan Voting is partially a social endeavor, in which people consider the opinions of others when making up their own minds. Increasingly, though, they’re being influenced by an inhuman force: software robots specifically designed to deceive them. Lest democracy be undermined, humans need help in distinguishing their brethren from the bots. Two years ago, in a report filed ...

  China has taken a leap towards clarifying its claims in the South China Sea, but in a direction that could intensify frictions. The International Tribunal on the Law of the Sea delivered a sweeping ruling Tuesday against China in an arbitration case initiated by the Philippines. The result significantly limits the size of the maritime zones and scope of ...