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 latest Economic Impact Assessment report released by Dubai World Trade Centre (DWTC), revealed that the spend associated with large-scale exhibitions, trade events, conventions and conferences hosted at DWTC in 2015 has contributed AED 12 billion in retained value towards Dubai’s economy, equivalent to 3.1 percent of the emirate’s GDP (Gross Domestic Product). The 2015 ...

  Dubai / Emirates Business The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, selected 18 senior and executive Emiratis bank managers to attend a two-week executive development program at Darden School of Business, University of Virginia. Concluding its seventh offering, the Leadership Development Program (LDP) equipped the Gulf region’s ...

  Dubai / Emirates Business Dubai Land Department (DLD) recently announced the launch of the ‘Ejari’ smart application at the Dubai Real Estate Institute (DREI)’s forum for leasing and property management companies, at an event which was attended by DLD’s senior management and a number of senior managers, The new Ejari electronic platform is expected to make a quantum leap ...

  Abu Dhabi / Emirates Business The National Health Insurance Company – Daman, in collaboration with Abu Dhabi Health Services Company (SEHA), is undertaking throughout 2016 a series of specialised workshops to enhance the health care in Abu Dhabi. The main areas of focus include developing health insurance practices in SEHA’s medical facilities and improving the experiences of end-users. The ...

  Madrid / AFP Spain’s ruling conservatives made a fresh push on Monday to form a government and unblock months of political paralysis after emerging stronger from another inconclusive general election. The Popular Party (PP) was the big winner of Sunday’s elections, the second in six months, which played out against a background of turbulence from Britain’s shock vote to leave ...

  Bangkok / AFP Activists on Monday urged Britain to hand over details of the multi-million-dollar sale to Thailand of fake bomb detectors that led to the detention of scores of innocent people. British fraudster Gary Bolton was jailed in 2013 for making millions selling the GT200—which he billed as a “magic wand” able to detect tiny particles of explosives ...

  France / AFP Voters in western France gave the go-ahead on Sunday to a controversial airport development that has been at the centre of a years-long battle between environmental activists and the government. The local referendum on the new Nantes Atlantique airport passed with a 55 percent majority, ending a 50 year argument that saw the government’s environment advisers ...

  London / AFP Britain’s opposition leader Jeremy Corbyn insisted he would not give up his job in a Labour Party revolt over his handling of the EU referendum campaign, as the aftershocks from the “Leave” vote reverberate around the country. Eleven members of the veteran socialist’s top team resigned Sunday, blaming him for failing to rally the party’s core working-class ...

  Manila / AFP Incoming Philippine president Rodrigo Duterte on Monday hit out at “stupid” human rights campaigners, as he defended his imminent war on crime and emphasised the death penalty was for retribution. Duterte gave a lengthy speech in his southern hometown of Davao to outline his vision for the nation once he takes office on Thursday, with a ...

  LAKE ISABELLA / AP Firefighters advanced on a wildfire in central California that has claimed two lives and destroyed 200 homes. Federal fire officials said containment on the 68-square-mile blaze increased from 10 percent to 40 percent. Some 2,000 firefighters were battling the blaze, which destroyed many homes belonging to retirees on fixed incomes with few other possessions. “Most people ...