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

  NEW DELHI / AP India on Monday joined an exclusive club of countries controlling exports in missile technology, just a day after bemoaning its exclusion from another elite group that governs international nuclear fuel and technology. Foreign Secretary S Jaishankar signed onto the Missile Technology Control Regime aimed at preventing the unchecked proliferation of missiles and their delivery systems. ...

  Port Harcourt/ AFP Five foreign construction workers kidnapped last week with two Nigerian colleagues after their vehicle was attacked and driver killed have been released, officials said on Monday, with two suffering serious injuries. The commissioner of police in Cross River state, Jimoh Ozi-Obeh, said that the men, including three Australians, a New Zealander and a South African, had ...

  BEIJING / AP China’s premier called on Monday for joint efforts to restore global economic confidence following the shock of Britain’s vote to leave the European Union. Last week’s referendum “has had an obvious impact on international financial markets. We are seeing increasing uncertainties in the world economy,” said Li Keqiang, speaking at the World Economic Forum in the ...

  Dubai / Emirates Business Dubai Culture and Arts Authority (Dubai Culture), the Emirate’s dedicated entity for heritage, arts and culture, has been announced as the winner of the Government Green IT Initiative of the Year 2016 at the .Gov Dubai & Northern Emirates Awards Ceremony. The prize recognises the Information Technology Department at Dubai Culture, for their ongoing work ...

  Dubai / Emirates Business Emirates NBD, one of the leading banking Groups in the region, on Monday announced the linking of Dubai Government’s Smart Dubai Happiness Meter to its Mobile Banking App. The strategic partnership between Dubai Government and Emirates NBD solidifies the bank’s goal of providing superior customer experience through its digital services. It is a first in ...

  Abu Dhabi / Emirates Business Researchers at the Masdar Institute of Science and Technology have worked on a technology in an attempt to improve the ability of certain plastics to delay oxidation – the natural process that causes food to spoil. The research supports the UAE’s position as a regional leader in the international plastics industry. Masdar Institute Assistant ...

  Dubai / Emirates Business Al Habtoor Group Chairman Khalaf Ahmad Al Habtoor said all three of the luxury hotels within the Hotel Collection at Al Habtoor City will be open by the end of Summer, following the successful opening of the W Dubai – Al Habtoor City last week, and The St. Regis Dubai at the end of last ...

  Abu Dhabi / Emirates Business A never-before-seen entertainment extravaganza is set to capture the hearts and minds of audiences in this year’s edition of the Abu Dhabi Summer Season, as first-time comedy greats and a thrilling illusion show descend upon the capital city from all corners of the world. Running between July 7 and September 11, venues across Abu ...

  WASHINGTON It turns out that the middle class isn’t stagnant after all. You know the conventional wisdom. The richest 1 percent of Americans have siphoned off all the income gains of recent decades. Everyone else is treading water. The claim has been repeated so often that it’s taken on the aura of truth. The reality is different: Living standards ...

  A new confrontation is in the offing between London and Brussels over the timing of Brexit process, as the EU wants the UK to immediately invoke the Article 50 to start the exit process to allay concerns of possible domino effect, and reassure perturbed markets. But London seeks an orderly exit during which the new relationship will be defined ...