SHARJAH / WAM The Sharjah’s 2018 non-oil GDP hit AED89 billion, according to an analytical report on the results of Sharjah’s economy in 2018 issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the GDP. The report indicated an increase in the volume of general production in the emirate in 2018 to about ...
Read More »
MANAMA / WAM Investcorp on Tuesday announced that its US-based real estate investment team acquired a portfolio of eight single-tenant distribution pr-operties in various locations across US for a combined purchase price of approximately $170 million. The properties in the portfolio total 1.4 million square feet and are 100 percent leased. “We are pleased to add these properties to our ...
Read More »
Bloomberg Abu Dhabi National Oil Co. (Adnoc) is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter. Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5 billion ...
Read More »
Bloomberg Oil rose as Saudi Arabia signalled Opec and its allies could extend supply cuts to the end of the year, while Venezuela’s opposition leader called for a military uprising. Crude futures added 1.5 percent in New York. Saudi Energy Minister Khalid Al-Falih said that the Organisation of Petroleum Exporting Countries and its partners remain focussed on reducing oil inventories, ...
Read More »
DUBAI / WAM Forbes Insights has revealed the latest findings of its State of Artificial Intelligence (AI) in the Middle East report in partnership with Ai Everything, at the two day Artificial Intelligence Summit, which concludes on Wednesday at the Dubai World Trade Centre. The report was launched to an audience of elite technologists, global AI leaders, c-suite executives and ...
Read More »
Dubai / Emirates Business It’s hard to stand out from the crowd when you’re one of 2,800 exhibitors – but the Moroccan National Provincial Tourist Office has been adjudged the Best Stand Design for its authentic representation of a typical Moroccan house at Arabian Travel Market 2019. Reproducing elements of both a ‘riad’ and a ‘dar’, the Moroccan stand featured ...
Read More »
Abu Dhabi / WAM Etihad Airways has partnered with ‘Visit California’ to promote the golden state to travellers from around the world. The agreement was announced this week at the Arabian Travel Market in a signing ceremony with Robin Kamark, Chief Commercial Officer of Etihad Aviation Group, and Caroline Beteta, President and CEO of Visit California. The partnership will involve ...
Read More »
ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), in coordination and cooperation with Dubai SME, showcased 10 innovative Emirati projects at the Small and Medium Enterprises Exhibition (SME Expo), organised by the National Program for Small and Medium Enterprises and Projects. The expo was held at Abu Dhabi National Exhibition Center under the patronage of Sultan bin ...
Read More »
DUBAI / WAM UAE will take over the chairmanship of the inter-governmental forum, Abu Dhabi Dialogue (ADD), from Sri Lanka, whose two-year term will conclude at the Fifth Ministerial Consultation in the autumn of 2019. It will be for the second time that the UAE will chair the ADD, having been central to its establishment in 2008. The announcement came ...
Read More »ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered AED6 million for purchasing a collection of books from the Abu Dhabi International Book Fair 2019 for school libraries. The donation aims to enrich the learning process and provide multiple options and ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.