The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM The value of the UAE’s online travel sales in 2018 is forecast to reach AED17.3 billion, driven by a growing population, increasing number of tourists, and UAE residents’ shift towards digital services, a new analysis from the Dubai Chamber of Commerce and Industry revealed. The analysis, based on recent data from Euromonitor International, found that direct online ...
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December, 2018
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31 December
Oil heads for first annual slump in 3 yrs
Bloomberg Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus. Crude surrendered early gains on Monday and fell as much as 1.3 percent in New York, on track for the worst quarterly drop since the last oil market crash ...
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31 December
DP World invests $3bn in acquisitions, expansions
Dubai / WAM DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said. It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said. The headline ...
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31 December
Mohamed receives FANR delegation
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, received a delegation from the Federal Authority for Nuclear Regulation (FANR) on Monday at Qasr Al Bahr in Abu Dhabi. During the meeting, attended by HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi ...
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31 December
Sharjah provides ‘96’ traffic patrols on New Year’s eve
Sharjah / WAM In line with the directives of Major General Saif Al Zari Al Shamsi, Commander-in-Chief of Sharjah Police, all the security services of the Sharjah Police have started their work in various fields, roads, and vital places, which are intensely gushing during the New Year’s Day celebrations. Sharjah Police provides “96” traffic patrols on New Year’s Eve to ...
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31 December
Etisalat’s One Cloud to power digital transformation at ASGC
Dubai / Emirates Business Etisalat on Monday announced its strategic partnership with ASGC Construction to provide Enterprise Level Cloud Solutions combined with its secure managed IP connect service as part of their digital transformation roadmap. Herbert Fuchs, Chief Information Officer at ASGC, said: “We’ve selected Etisalat and their OneCloud Services as it perfectly meets our needs from scalability, flexibility, reliability ...
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31 December
Sharjah Youth Council issues details of its achievements
SHARJAH / WAM The Sharjah Youth Council had numerous achievements during its second session, which focused on activating the council’s role towards the emirate’s youth, as well as developing their abilities, communicating their ideas to decision makers, and representing them in various local and international fora. The most notable achievement of the council in 2018 was its contribution to raising ...
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31 December
Al Habtoor Motors launches DSF offers
Dubai / Emirates Business Al Habtoor Motors gives Mitsubishi customers great reasons to celebrate this DSF with exciting great value deals on the entire range passenger cars and SUVs. Customers get chances to buy their favourite Mitsubishi cars and SUVs at special DSF prices and they will also get chances to win 5 Lancer EX sedan cars. During the “Celebrate ...
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31 December
UAE a hub for investment, international talent: Experts
Dubai / Emirates Business The UAE has moved ahead of other regional and overseas destinations in positioning itself as a hub for investment and international talent, say legal experts. The introduction of a long-term visa system for investors, entrepreneurs, specialised talents, and researchers has been warmly received by business analysts, and STA Law Firm says the initiative can deliver even ...
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31 December
‘Sheikh Mohammed is a leader of sublime vision’
Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, said that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is a leader of sublime vision and man of principles, who sets an example to be followed for wisdom and loyalty to one’s homeland. ...
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