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

  Athens / AFP Greek Prime Minister Alexis Tsipras said reform talks with the country’s EU-IMF creditors, delayed by disagreements over pension cuts and bad loans, could conclude by May 1. “I believe the target I have specified, to conclude (the talks) by Orthodox Easter (on May 1)… is feasible,” Tsipras told state television ERT. “We are on the verge, I ...

  Bloomberg Banks and asset managers moved closer to winning easier rules for derivatives as European Union member states signaled support for amending regulations as part of a delay in the wider law that revamps oversight of trading across the continent. EU states are considering attaching the policy changes to legislation postponing until January 2018 the vast MiFID II law ...

  AFP Germany’s healthcare system is losing as much as a billion euros a year to scammers, some of whom are linked to the Russian mafia, according to a media report on Sunday. One scam involves health workers who charge for 24-hour care but are alleged to only check on their patients two or three times a day, said the ...

  Bloomberg Banks around Europe are trying to figure out how to provide their services to asylum seekers while making sure they stick to strict rules blocking money laundering & terror financing. By compelling banks to verify the identity of their customers, the requirements make it harder for would-be refugees without a valid ID to open a bank account. Without ...

  Bob Gates has unusual standing in the debate about the Obama administration’s foreign policy: He was defense secretary both for a hawkish President George W. Bush and then a wary President Obama. He understood Bush’s desire to project power and Obama’s scepticism. Gates characteristically finds a middle ground in the argument that has been swirling since Jeffrey Goldberg’s Atlantic ...

  Tech-savvy UAE is quickly adapting to smart solutions in all segments, thanks to the state policy announced to transform to the smart government, with the aim to expedite the knowledge and digital economy. Being instrumental in the knowledge-driven economy, the banking sector is speeding up its efforts to improve quality of service for customers. Hence by adapting to Business ...

  Justin Fox Six states lost jobs during the 12 months ended in March. It’s a familiar bunch — Alaska, Louisiana, North Dakota, Oklahoma, West Virginia, Wyoming — all hammered by either coal’s decline or the collapse in U.S. oil drilling that has followed the collapse of global oil prices. (That price plunge was of course brought on in part ...

  The Republican nomination race has three more stages to go, and each of the three candidates left in it is concentrating on a different one. First, the candidates have to win votes in the remaining contests to maximize the number of delegates bound to them on the first ballot. Second, they have to prevail in selecting delegates: making sure ...

  Dubai / WAM With the GCC tripling its production capacity between the 2004-2015 period, petrochemical producers in the region must focus on supply chain efficiencies in order to retain export market share, said the Gulf Petrochemicals and Chemicals Association (GPCA), ahead of the Supply Chain Conference in May. Regional chemical output in plastics, fertilisers and other products are chiefly ...

  Dubai / Emirates Business As a leading financial institution, Mashreq continues to be recognised for its exceptional banking products and services at the 2016 Banker Middle East Product Awards, winning four awards in two categories: “Best Mobile Banking Service – Snapp”; “Best Premium Credit Card – Solitaire”; “Best Trade Finance Offering – Trade Finance (Business Banking)” and “Best Real ...