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

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Dubai World Trade Centre Authority, on Monday announced the 2015 annual performance results of Dubai World Trade Centre(WTC), highlighting an impressive 12% year-on-year increase in traffic to deliver 2.74 million delegates and attendees, coupled with a ...

ABU DHABI / WAM The United Arab Emirates and the Republic of Finland signed an agreement on the exchange of information for tax purposes between the two countries. The agreement was signed by Younis Haji Al Khoori, Undersecretary of the Ministry of Finance(MoF), and Riitta Swan, Ambassador of Finland to the UAE; in the presence of Khalid Ali Al Bustani, ...

ABU DHABI / WAM Researchers from the Masdar Institute of Science and Technology developed a novel device that can track and concentrate sunlight onto high-efficient solar cells, without mechanically moving to follow the sun’s path across the sky. This proof-of-concept research is the first step towards the development of a self-tracking concentrating photovoltaic (CPV) system. “Traditional CPV systems rotate solar ...

RITIKA Sharma EMIRATES BUSINESS The UAE has an unmatched 83 percent pre-primary enrolment rate spread across 500 nursery schools across the Emirates. What fuels the apparent growth of this segment is the growing number of expatriates and rising awareness among parents to take their children’s pre-school years seriously and choose a nursery of highest standards. Reports state that the overall ...

DUBAI / WAM More than 250 exhibitors have confirmed their participation for the 16th Airport Show 2016, being held in Dubai from May 9 to 11. The show has also seen remarkable growth in exhibition space, number of Hosted Buyers and pre-registered participants, according to Reed Exhibitions Middle East, the event organisers. The show will occupy an exhibition space of ...

Abu Dhabi / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Dubai World Trade Centre Authority, on Monday announced the 2015 annual performance results of Dubai World Trade Centre (DWTC) highlighting an impressive 12% year-on-year increase in traffic to deliver 2.74 million delegates and attendees, coupled ...

Alkesh Sharma EMIRATES BUSINESS In a bid to create a smart vision for the region and to draft a roadmap to connect the cities of the future, Internet of Things Expo 2016 (IoTX) is all set to attract the who’s who from the technology industry globally to Dubai. Exploring the limitless possibilities that IoT could unleash in this modern age, ...

Dubai / EMIRATES BUSINESS Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, released its audited financial results for full year ended 31 December 2015, which says net profit from continuing operations increased by 29% to AED 3.3 billion

ABU DHABI / WAM The Board of Directors of the Emirates Telecommunications Group Company, ‘Etisalat Group’, appointed Saleh Abdullah Al Abdooli as Chief Executive Officer of Etisalat Group. With the restructuring, Al Abdooli will now manage the company’s international operations as well as the local UAE operations. Al Abdooli has over 25 years of experience in the telecom sector

DUBAI / WAM The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), announced that Clearing members will now be able to deposit cash collateral to the Corporation in the form of Euro, UK Pound (GBP) and Japanese Yen (JPY) in addition to UAE Dirhams (AED) and US dollars.