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

Sunaina Rana / EMIRATES BUSINESS Veeam Software was established in 2006 by college roommates, Ratmir Timashev and Andrei Baronov in Baar, Switzerland. Timashev went from being a grad student in chemical physics at The Ohio State University to the CEO of his own start-up, Aelita Software. After seven years of leading the company, alongside Baronov, to virtually double-digit growth each ...

SUnaina Rana / Emirates Business Danat Al Ain Resort is located in Al Ain, the famous ‘Garden City of the Gulf’, a haven of peace and tranquility. The oasis city is renowned for its abundant greenery and spectacular mountain range. This spectacular place is just 5-minute drive from Al Ain town centre providing a fantastic base to enjoy all that ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday announced that Dubai recorded a non-oil foreign trade of AED 1.283 trillion in 2015 with AED 796 billion of imports, AED 132 billion of exports, and AED 355 billion of re-exports. Sheikh Hamdan asserted that economic ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and in his capacity as Ruler of Abu Dhabi, has issued an Emiri Decree on reshuffling the Supreme Petroleum Council under his chairmanship. The decree also named the following as members: His Highness Sheikh Mohamed bin Zayed Al Nahyan as Vice President, HH Sheikh Hazza bin Zayed ...

DUBAI / WAM The United Arab Emirates has ranked 19th globally in the Global Entrepreneurship Index (GEI) Report 2016, advancing one spot from last year and surpassing countries such as Norway, South Korea, Turkey and Japan. The UAE topped the list of countries within the Middle East and North Africa region, which comprises 15 countries, including Turkey. An analysis of ...

ABU DHABI / WAM Sultan bin Saeed Al-Mansouri, Minister of Economy, discussed economic and trade cooperation with Egypt and Czech Republic, and ways to strengthen the bilateral relationship for greater mutual benefit. Al-Mansouri held separate meetings with Wael Jad, Ambassador of the Arab Republic of Egypt and Alexander Sporish, the Ambassador of the Czech Republic to the UAE. During his ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received a high-level delegation from the Hamburg Chamber of Commerce led by Fritz Horst Melsheimer, President of the Hamburg Chamber of Commerce, and Dr Hans-Jorg Schmidt-Trenz, CEO of the Hamburg Chamber of Commerce. The delegation is visiting UAE to participate in the 5th ...

DUBAI / WAM Dubai Financial Market (DFM) and The Hawkamah Institute for Corporate Governance (Hawkamah) signed a strategic partnership agreement in order to promote best practices of Corporate Governance in the UAE. According to the agreement, the two leading bodies will join hands to organise series of workshops, programmes and training courses as well as launch practical guides to further ...

Emirates Business Virtual Info Systems (VIS) has announced the launch of the first Smart Stores Expo (SSE) in Abu Dhabi from January 23-25 next year. SSE would be a dedicated exhibition for suppliers to the region’s booming retail industry. “SSE is designed in such a way that it will cater to all aspects of the retail industry in the region ...

ABU DHABI / WAM A delegation from Abu Dhabi National Exhibitions Company (ADNEC) will participate in the upcoming Doha International Maritime Defence Exhibition and Conference(DIMDEX) 2016, which begins on Tuesday in Doha, Qatar. ADNEC’s participation is part of its strategy to promote the International Defence Exhibition and Conference (IDEX 2017) and the Naval Defence Exhibition and Conference (NAVDEX 2017) to ...