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

DUBAI / WAM On April 1, 1986, an Emirates Boeing 727-200 Flight EK800 departed Dubai International Airport touching down in Colombo, Emirates’ fourth global destination. Thirty years later, Emirates has logged 56 million miles, transported thousands of tonnes of cargo and continues to connect Sri Lanka to the world, with 34 flights a week to Dubai, and Singapore. With approximately ...

DUBAI / Emirates Business Running out of data? Not to worry because du just raised the bar for consumer postpaid plans – now du’s entire range of consumer postpaid plans come with generous data at no extra cost. There has never been a better time to change to du. du addresses its customer’s growing data consumption by enhancing the data ...

DUBAI / Emirates Business Dubai Electricity and Water Authority (DEWA) honoured 13 of its customers who won the Best Consumer Award, which DEWA organised for the 12th consecutive year. The move supports DEWA’s efforts to encourage customers to use electricity and water sensibly, and its strategy to reduce energy demand, and protect natural resources and ensure their sustainability. Fardan Al ...

AL AIN / WAM A delegation from the General Directorate of Residency and Foreigners Affairs in Sharjah visited the General Directorate of Residency and Foreigners Affairs in Al Ain. The visit aims to review the work mechanism and to exchange expertise on services procedures in general and the procedures followed by the Information and Follow-up Section in particular. Colonel Khalifa ...

SHARJAH / WAM The Sharjah Authority (SBA) is participating in the 53rd edition of the Bologna Children’s Book Fair, the major literary event, being held from April 4-7 in Italy. The event is hosting more than 1,200 exhibitors from 98 countries, with Germany – home of the world’s first printed book – being celebrated as its ‘Guest of Honour.’ SBA’s ...

Abu Dhabi / WAM The UAE, represented by the Ministry of Presidential Affairs, announced that it will cover all costs for the renovation project of the permanent headquarters of the Arab Monetary Fund in Abu Dhabi which was established in April 1976. The project will also see the construction of a residence for the Arab Monetary Fund’s Director-General. The announcement ...

SINGAPORE / Reuters Barclays has agreed to sell its wealth and investment management business in Hong Kong and Singapore to Oversea-Chinese Banking Corp (OCBC), as the British lender continues its drive to reduce risk and simplify. OCBC, Singapore’s second-biggest lender, said on Thursday it had agreed to pay $320 million for the units – its second-largest private banking deal since ...

Singapore / Bloomberg The world economy needs something like a modern-day Plaza Accord to safeguard growth against currency market volatility, according to Singapore’s Deputy Prime Minister Tharman Shanmugaratnam. The remarks by the Singaporean official, who is also a former finance minister, come a week before Group of 20 officials gather in Washington to discuss the state of the world economy. ...

NEW DELHI / Reuters China’s top carmaker SAIC Motor Corp and Great Wall Motor, its biggest maker of SUVs, are spearheading the country’s first major push into India, one of the world’s fastest growing auto markets, as growth at home stagnates. The entry is late and risky – global carmakers like Volkswagen AG, Ford Motor and General Motors have struggled ...

Beijing / Bloomberg Didi Kuaidi raised the target on its latest round of funding to more than $1.5 billion, according to a person familiar with the matter, as China’s largest ride-hailing service stockpiles cash for its battle with Uber Technologies Inc. Uber’s largest competitor will be valued at more than $20 billion in the round, said the person, who asked ...