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

Bloomberg Virgin America’s IPO was opportune. Selling now would continue that streak of good timing. The $1.5 billion US airline backed by billionaire Richard Branson is working with an adviser to evaluate a full or partial sale after receiving takeover interest. It would be a quick turnaround for a company that went public less than 18 months ago. Virgin soared ...

Sunaina Rana / EMIRATES BUSINESS Aiming to make a foothold in the UAE juice market, Juice in Time is an original and innovative juicing system that originated in Brazil, which helps to make natural fruit juices in offices, cafeterias or at home without a blender, sink, dishes or running water. The Juice in Time system is a hassle-free solution that ...

DUBAI / EMIRATES BUSINESS Milkcow, a trendy South Korean cafe chain with 50 branches around the world, launched its first branch in the Middle East region in the vibrant JBR district within Trident Grand Mall in January 2016. Catering to the buzzing local community they will be the first of their kind to offer a destination ice cream parlour and ...

Dubai / WAM The Second Ministerial Economic and Business Conference (EBC II), a flagship programme of the Indian Ocean Rim Association (IORA), will be held in Dubai from April 11-13 in conjunction with the Annual Investment Meeting (AIM) 2016. To be held under the theme of ‘SMEs and Innovation: Investing in a Sustainable Future’, EBC II will recognize the prospects ...

Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority, on Saturday announced that total investments in Dubai Silicon Oasis amounted to AED3.6bn in 2015. Projects carried out by the DSOA accounted for half of all investments, while foreign investments at the hi-tech park contributed to the remaining half. Sheikh Ahmed bin Saeed, who ...

ABU DHABI / WAM Throughout last year, Abu Dhabi General Services Company ‘Musanada’ delivered 23 development projects with a total cost of approximately AED11.2 billion throughout the Emirate of Abu Dhabi across various sectors including housing, education, buildings, infrastructure, roads, healthcare, etc. Aimed to serve and achieve the best for the Abu Dhabi community, these projects would keep pace with ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) plans to build 64 132/11 kilovolt (kV) substations over the next three years, which will cost AED 6.7 bn, in cooperation with various developers in the Emirate. These new substations will be linked to existing electricity networks to enhance their capacity and efficiency. DEWA is committed to improving Dubai’s electricity and ...

RITIKA SHARMA / EMIRATES BUSINESS After being exasperatingly stuck in traffic, you head to a mall for that season-end sale. Confusion prevails while you try to locate the sale-offering store. The struggle starts to find the shortest and the sanest direction to reach your destination before the stock (and your enthusiasm) lasts. What you do next is reach out to ...

Sunaina Rana / EMIRATES BUSINESS The phenomenal rise of educational play (or popularly known as ‘eduplay’ theme parks) has given a much-needed boost to the amusement industry in the UAE. This region has seen an exponential growth in the unique concept of ‘edutainment’, strategically combining the tenets of education with entertainment. The novel idea has attracted the interest of the ...

ABU DHABI / WAM While oil-exporting countries face significant challenges as result of global economic turbulences and falling oil prices, the UAE continues to achieve new levels of economic growth. This comes as a direct result of the UAE wise leadership’s forward-looking vision and its precise predictions of the region’s developments which contribute in facing growing global economic challenges, through ...