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

  ALKESH SHARMA / Emirates Business Enthused with many positive stimuli, the Muslim Travel market is estimated to grow to 150 million visitors by 2020 with an expenditure projected to surge to $200 million. Travel industry pundits predict that the whopping growth of Muslim travel market is significantly contributing to the enhanced demand from this segment in other sectors including ...

Dubai / Emirates Business The World Environment Day was marked by the introduction of an online sustainability self-assessment tool. The tool by Dubai Carbon aims to enable entities to understand their current sustainability efforts, economically, socially and environmentally, and from there, use this knowledge to benchmark against peers and achieve better environmental credentials. It covers a multitude of sectors and ...

  Dubai / Emirates Business Dubai Culture and Arts Authority (Dubai Culture) recently organised an educational workshop dedicated to work towards both understanding and implementation of the Fourth Generation of the Government Excellence System. This is in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai’s vision to Excellency in ...

  WASHINGTON Jeffrey Immelt, the CEO of General Electric (2015 revenues: $117 billion), gave an interesting speech the other day that illuminates some pressing questions about the future of globalization. This involves politics as much as economics. It should be no surprise that the three remaining major presidential candidates (Hillary Clinton, Bernie Sanders and Donald Trump) are no fans of ...

  As the vote to Remain or Leave the EU approaches, both sides are stepping up their campaigns, with the Remain campaign focusing on the economic dangers of Brexit, while the Leave campaign is painting a scary scenario of an uncontrolled immigration if the UK stays in the EU. Amid the feverish atmosphere, the Remain campaign received a major boost ...

  Sara Hsu SPECIAL TO EMIRATES BUSINESS The question of increasing competition and jobs in the healthcare sector is hardly a priority under China’s current reforms, and reasonably so, even though this would aid the transition to a highly skilled service-based economy. The main question now is whether health care costs can be kept low for the consumer, but high ...

  In a continent where politics is still painted as a battle between the left and right wing, Peru is hard to place. Consider Sunday’s presidential election, in which an election-eve poll showed Pedro Pablo Kuczynski pulling slightly ahead of former frontrunner Keiko Fujimori. Both candidates are business-friendly pragmatists who have pledged to respect the free market, keep the country ...

  AFP India is committed to protecting state banks suffering from mounting bad loans after they reported almost $2.7 billion in losses in the last two quarters, Finance Minister Arun Jaitley said on Monday. The banks are struggling under a mountain of soured loans, prompting central bank governor Raghuram Rajan to set a 2017 deadline for them to clean up ...

  Bloomberg Policy makers should move beyond short-term budget and inflation targets that leave their economies exposed to longer-term debt bubbles like the ones hindering growth since the 2008 financial crisis, Bank of Canada Governor Stephen Poloz said. Central banks with inflation targets like Canada’s are finding that the benefits gained from short-term stability can create dangers in the background ...

  BLOOMBERG Ghana is considering raising money through private bank loans, abandoning plans to sell as much as $1 billion of Eurobonds on concern its inability to raise targeted budget revenue may spark an investor selloff. With-lower-than-expected oil prices, the government can’t raise all the revenue needed to meet the budget gap, the Ministry of Finance said in a statement ...