Bloomberg Line Corp.’s fourth-quarter profit and sales fell short of analysts’ estimates, as advertising revenue growth failed to make up for declines in mobile game and digital stamp offerings. Operating profit was 1.6 billion yen ($14 million) in the three months ended Dec. 31, according to calculations based on full-year numbers released by Line on Wednesday. That’s less than ...
Read More »Dubai / Emirates Business Having a long-term energy plan will boost sustainable long-term investments in the UAE, says a London Business School expert. This month, the UAE government unveiled a three-decade energy plan that aims to save the country billions of dirhams while still sustaining economic growth. Commenting on the new Energy Plan, Ioannis Ioannou, Associate Professor of Strategy ...
Read More »ABU DHABI / WAM Etihad Airways unveiled on Wednesday plans for the deployment of its new Boeing 787-9 Dreamliners to key Levant and Far East markets in 2017. With a phased delivery of nine Boeing 787-9s this year, they will gradually be introduced on a number of routes from the airline’s Abu Dhabi hub beginning March 1. The 299-seat ...
Read More »
ABU DHABI / WAM The total value of Khalifa Industrial Zone Abu Dhabi’s (KIZAD) contribution to Abu Dhabi’s gross domestic product (GDP) accounted for 3.2 percent of the emirate’s non-oil GDP, reinforcing the industrial zone’s status as a key facilitator of economic diversification. The KIZAD, part of Abu Dhabi Ports, has reported a solid performance in 2016, completing yet another ...
Read More »DUBAI / WAM Deyaar Development, one of Dubai’s property developers and real estate service providers, announced its preliminary financial results for the full year ended December 31, 2016. The company reported increase in revenues to AED428.3 million compared to AED257.1 million in 2015, reporting an increase of 67%, mainly due to construction progress in The Atria and Mont Rose ...
Read More »
New Delhi / WAM The United Arab Emirates and India signed on Wednesday in New Delhi the ‘Comprehensive Strategic Partnership Agreement’ and a number of memorandums of understanding (MoUs) during a state visit by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India. The UAE ...
Read More »New Delhi /Â WAM Over 30 high-level Emirati business leaders, Indian business owners based in the UAE, and government and private representatives from both the UAE and India, convened on Wednesday at the Taj Palace in New Delhi to discuss business opportunities, major investable projects in India, as well as major challenges facing investors there. The session, entitled “Business Session ...
Read More »New Delhi / WAM In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and India’s Prime Minister Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves Ltd (ISPRL), agreed on Wednesday to establish a strategic crude oil ...
Read More »
New Delhi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, on Wednesday held official bilateral talks with Narendra Modi, Prime Minister of India. The two leaders discussed boosting bilateral ties and a number of regional and international issues of mutual interest. The talks, held in ...
Read More »
New Delhi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Raj Ghat, the memorial site of Mahatma Gandhi in New Delhi. His Highness Sheikh Mohamed observed a minute of silence in respect, and laid a wreath on the shrine of ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.