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 The UAE is witnessing a huge influx of tourists, reaching for business as well as leisure purposes. Considering the extent of commercial activities in the country, pressure on the ecosystem is bound to surge manifold in the coming years, affirm industry experts. Notably, the corporates in the Emirates have started making a sustainable contribution ...

  ABU DHABI / Emirates Business The Abu Dhabi Sports Council (ADSC) has teamed up with the Abu Dhabi National Exhibitions Company (ADNEC) to organise the Abu Dhabi Sports Festival — a two-month celebration of sports and community. The first month will see exciting football and volleyball tournament action. Victorious teams will walk away with up to AED 300,000 (USD ...

  Dubai / Emirates Business The Foreign Exchange and Remittance Group (FERG) — comprising businesses engaged in money exchange and remittances — held its scheduled Midyear General Meeting (MGM) at the Shangri La Hotel, Dubai. The MGM was an occasion for FERG members to network and exchange views while participating in setting the organisation’s strategy and agenda for the latter ...

  Bloomberg U.K. Prime Minister David Cameron and opposition Labour Party leader Jeremy Corbyn returned to the front line to make the case for staying in the European Union as the anti-Brexit campaign attempted to maintain momentum three weeks out from Britain’s referendum. The pound dropped earlier this week as successive polls showed a swing in favor of “Leave,” suggesting ...

  Bloomberg Rallies in the pound are proving tough to sustain as recent opinion polls puncture investor confidence that the U.K. will choose to remain in the European Union in the June 23 referendum. Sterling rose versus the dollar on Thursday after dropping the previous two days as surveys released this week signaled the ‘Leave’ camp pulling ahead of the ...

  Netherlands / AFP US delivery giant FedEx now owns over 98 percent of Dutch rival TNT, the two companies announced on Thursday as they move to complete a key $4.4 billion tie-up after winning EU approval. The deal unveiled in April 2015 came two years after the European Commission, the European Union’s powerful executive arm, had torpedoed a bid ...

  Bloomberg Swedbank AB, which is doing more corporate bond issues in the Nordic region this year than any other bank, says the share of Swedish companies’ debt market funding will more than double as higher capital requirements make bank loans more expensive. About 15 percent of corporate funding in the Nordic region now comes from the capital markets, Elisabeth ...

  Switzerland / AFP Carole, a scientist from Zurich, recently received a dream message on her phone: she will receive 2,500 Swiss francs ($2,500, €2,300) a month for the next year, no strings attached. The 30-year-old ethnologist, whose last name has not been revealed, could be the first of many in Switzerland to receive such monthly cheques in the mail. ...

LONDON Sitting on the sun-dappled terrace of the House of Lords, watching the Thames flow, Lord Nigel Lawson explains that the June 23 referendum, which he hopes will withdraw Britain from the European Union, was never supposed to happen. It is, he says, the fulfillment of a promise Prime Minister David Cameron expected to be prevented from keeping. Going into ...

  2015 saw record worldwide investment and implementation of clean energy such as wind, solar and hydropower. This might have been driven by strategic sustainable development plans that aim to reduce dependence on fossil energy, with an ultimate goal set on the reduction of CO2 emissions. Prompted by environment awareness and sustainability plans, many countries have started to opt for ...