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 Dubai Electricity and Water Authority (DEWA) organises events and activities aimed at promoting Islamic values and traditions, throughout the holy month of Ramadan as part of its continuous efforts to promote communication and collaboration and social cohesion among all its staff. The activities begin with DEWA’s Ramadan Tent, which is located at DEWA’s Head Office, ...

  Dubai / Emirates Business UAE’s leading financial institution, Mashreq announced that Abdul Kadir Hussain, Head of its Asset Management unit and CEO of Mashreq Capital (DIFC) Ltd has decided to leave the institution for personal reasons. Kadir will be replaced by Aamir Peracha, Managing Director and Head of Equities and Derivatives at Mashreq. Hussain leaves behind a strong management ...

  Abu Dhabi / Emirates Business Mohammed Rasool Khoory & Sons Group in partnership with the Turkish Bagul family, launched Petek Restaurant & Sweets, a famous name in Turkey for over one hundred years. The new restaurant is located in Rolex Building – World Trade Center in Corniche Road in Abu Dhabi. During the occasion, the board member of Mohammed ...

  WASHINGTON Suppose you are advising Hillary Clinton, now the presumptive Democratic nominee for president. What worries you? Well, probably the stubbornness of Bernie Sanders, who won’t admit he’s lost. And, of course, the unpredictability of Donald Trump, whose outlandish pronouncements defy conventional political wisdom. But what really ought to frighten you is the government’s latest employment report. It raises ...

  As the push for Brexit gains momentum, the debate zeroes in on immigration and economy amid a tight race. Both the ‘Remain’ and ‘Leave’ camps have been criticised for misrepresenting facts in a campaign that has split the ruling Conservative Party and the people of UK. Ahead of the June 23 vote, an average of the last six domestic ...

  Luke Hunt SPECIAL TO EMIRATES BUSINESS The use of religion to provide a prescription for social ills is not uncommon; it’s a practice that dates back to the ancient Greeks. But too often advocates of a better life from beyond the grave have been caught lying, thus abusing the public’s trust and their privileges. In Thailand, the Buddhist clergy ...

  This year’s Shangri-La Dialogue clearly showed that Asia has not become safer over the last year and is unlikely to become any safer in the near future. Quite the contrary, the security threats at hand may well extend far into the next decades, making the Asian Century not one of economic dynamism, but of political squabbles. Just this week, ...

  Bloomberg Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the countries to fix the value of their currencies to the greenback, keeping the status quo comes at a price as lower crude prices strain public finances, the ...

  Geneva / WAM The UAE has been elected to chair the Finance Committee of the International Labour Organization during their 105th conference that was held in Geneva, votes cast by the participating states of the committee marked the UAE as the leading representative. The Finance Committee comes with great responsibilities and was formed by the organization to study, discuss, adopt ...

  DUBLIN / Reuters Qatar’s sovereign wealth fund is set to buy a major stake in Irish telecoms firm Eir, the Irish Times reported on Thursday, in a move that would likely support its plans to hold off from a stock market flotation for now. The Qatar Investment Authority (QIA) is on course to acquire York Capital, Eir’s second-largest shareholder’s ...