The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

SHARJAH / WAM The Sharjah Executive Council (SEC) issued Resolution No. 12 for year 2016 on the collection of an AED35 departure fee at the Sharjah International Airport for the use of airport facilities and services. Referred to as the airport facilities’ fee, it has to be paid by all passengers, including transit passengers who leave the Emirate of Sharjah ...

DUBAI / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, has stressed the importance of developing Arab land transportation in driving economic growth and enhancing communication among Arab states. He added that the road transport sector is one of the most effective factors in stimulating the economic, social and cultural fields. Dr. Al Nuaimi made these ...

DUBAI / Emirates Business Dr. Dhananjay (Jay) Datar, Chairman & Managing Director Al Adil Trading Co LLC, UAE’s leading name for Indian food stuff, reinforced his expansion commitment by opening their 31st outlet in the GCC. The newly opened outlet of Al Adil Trading is situated in the heart of Al Ras, Deira, “We have set in place a very ...

RITIKA SHARMA / Emirates Business Market disruption in financial sectors, branch transformation,enhanced user experience and digitalisation of banking services are some of the main challenges haunting Middle East retail bankers. One of the key questions that remains unanswered about next generation of bank consumers in the region is — will it be mobile, online or branches? This and many other ...

Dubai / Emirates Business Lack of transparency and hidden charges have been one of the biggest setbacks that the UAE drivers over the years. The recently launched car insurance comparison portal asserts that comparing and buying policies could help UAE drivers not only save money but also buy an informed policy. According to the recently launched car insurance comparison portal, ...

DUBAI / Emirates Business In line with its move to become a leading global company, Emirates Auction (EA) has revealed the launch of its first subsidiary company in Egypt, ‘Misr Auction’. The move falls in line with the company’s expansion strategy, which aims to tap into newer regional and international markets with enormous growth opportunities and promising investment prospects, in ...

ABU DHABI / Emirates Business Al Forsan Real Estate; the property arm of Al Forsan Holding, stated that Al Forsan Village will launch the ‘Lease to own’ concept during Cityscape Abu Dhabi 2016. The group will be unveiling a portfolio of health focused luxury mixed-use developments at the Cityscape exhibition at Abu Dhabi National Exhibition Centre at stand ‘AA10’ from ...

Iraq / AP Fighting between Iraqi forces and militants affiliated with the IS group close to Mosul, Iraq’s second largest city, has displaced over 2,000 people in the past week. On one recent night, around a hundred people arrived on the outskirts of the town of Makhmour, in Iraq’s semi-autonomous northern Kurdish region, having fled violence. The journey ended in ...

India / AFP A special court in India has sentenced 47 policemen to life in prison for killing a group of Sikh pilgrims in 1991 whom they had claimed were militants, a prosecutor said on Tuesday. The officers were convicted of shooting dead the pilgrims to try and earn promotions in Uttar Pradesh state which at the time was hit ...

Ankara / AFP German Chancellor Angela Merkel will next week inaugurate a new centre for Syrian refugees in the southeastern Turkish city of Kilis built with EU funds, Turkey’s prime minister said on Tuesday. “We are going to inaugurate a school and a hospital built in Kilis thanks to EU financing with European leaders led by Mrs Merkel,” said Turkish ...