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 Arabian Falcon Holidays (AFH), the largest independent timeshare player in the Middle East, has concluded a successful participation in the Nigeria roadshow organised by Dubai’s Department of Tourism and Commerce Marketing (DTCM). This is in line with AFH’s thrust to partner with the government in promoting Dubai as a leisure destination among African tourists. Africa ...

  Abu Dhabi / Emirates Business Abu Dhabi Commercial Bank (ADCB) has received two of the financial services industries most prestigious awards — the Asian Banker Leadership Achievement Awards. Group CEO and Executive Director, Ala’a Eraiqat, was honoured with the Asian Banker CEO Leadership Achievement Award for the UAE, while ADCB was also recognised as The Best Managed Bank in ...

  Emirates Business Chestertons MENA, a leading international property agency, is expanding its UK property investment reach beyond the traditional London M25 boundary, with the launch of a number of new prime developments in the key gateway cities of Manchester and Birmingham due to strong economic growth, large student populations and major government transport infrastructure investment. “Manchester is a city ...

  RITIKA SHARMA / Emirates Business Gone are days when holidays meant just an escape from the world without any communication back home or office. With technology taking strides in almost everything around us, travel is no more an ‘out-of-sight out-of-mind’ case. From seeking a one-time experience during holidays to the era of instant feedbacks and reviews, things have changed ...

  ALKESH SHARMA / Emirates Business Nearly 23 percent of the UAE enterprises believe that their organisations have been a victim to an internal cyber security breach, while 32 percent feel that their companies have fallen victim to an external attack, affirms a recent survey by a leading IT firm in this region. However, these startling findings of the survey ...

  Dubai / Emirates Business World Bank Group remittance data sees Egypt and Jordan emerge as key receivers of remittances within the MENA region. In 2015, Egypt received an estimated USD 19.7 billion in remittances from the world, of which USD 1.83 billion came from the UAE. Meanwhile, Jordan received USD 3.8 billion from countries across the globe, with the ...

  Abu Dhabi / Emirates Business The e-Dirham system, created by the UAE Ministry of Finance (MoF), will be showcased at the two-day event Cards and Payments Middle East from May 31 to June 1, at the Dubai International Convention & Exhibition Centre. With the participation at the premier smart payment exhibition, the Ministry will be highlighting the latest services ...

  Bloomberg The World Bank’s International Finance Corp. will invest $25 million in Egypt’s Carbon Holdings, a petrochemical producer, as part of plans to commit $2 billion in the country. The IFC will look for more ways to provide financing for Carbon Holdings, Mouayed Makhlouf, IFC director for the Middle East and North Africa, said in an interview in Dubai. ...

  Washington / AFP The “breakthrough” deal announced last Wednesday to resume handing out bailout money to Greece sounded like old times: the International Monetary Fund working with European countries again as official lenders to Athens. In the end, however, the anti-global crisis lender again refused to support Greece’s third rescue program with its own financial contribution. The IMF said ...

  Bloomberg Euro-area economic confidence rose for a second month in May as the European Central Bank prepares to present updated economic projections that could provide further clues about the impact of its stimulus programme. An index of executive and consumer sentiment increased to 104.7 from a revised 104.0 in April, the European Commission in Brussels said on Monday. That’s ...