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

EMIRATES BUSINESS Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, has released its audited financial results for full year ended December 31, 2015, which follows the release of the company’s detailed trading statement on 1 February 2016. The full financial statements can be viewed on the company’s website: majidalfuttaim.com Alain ...

EMIRATES BUSINESS Healthpoint Hospital, a state-of-the-art multi-specialty hospital with the region’s most comprehensive sports medicine and physiotherapy offerings, hosted its first-ever Sports Medicine conference in Abu Dhabi. The conference was held in collaboration with Manchester City Football Club at Yas Viceroy Abu Dhabi, bringing together some of the world’s foremost authorities in sports medicine from the UK, Portugal, Turkey and ...

Ritika Sharma / EMIRATES BUSINESS As the government shows its commitment towards a happy UAE, companies in the Emirates are apparently doing their bit by devising strategies and making huge investments for employees. In one such example, a UAE-based business support services company, Transguard Group and healthcare provider Al Tadawi Medical Centre recently invested AED 1 million to open a ...

WAM Abu Dhabi Airports is marking a decade of innovation in aviation this year as the company celebrates its tenth anniversary. Created in 2006 through an Amiri Decree from the Executive Council of Abu Dhabi, Abu Dhabi Airports Company was formed to spearhead the development of the Emirate’s aviation infrastructure, and assumed responsibility for the operation and management of Abu ...

Ritika Sharma / Emirates Business Global business travel spending which crossed US$1.25 trillion last year is set to increase by 6.5 percent and remain strong through 2019. Growth is projected to increase 6.9 percent in 2016, 6.0 percent in 2017, 6.4 percent in 2018 and 5.8 percent in 2019, according to GBTA Foundation’s BTI Outlook – Annual Global Report & ...

Emirates Business A newly-released report from the Business Continuity Institute identifies cyber-attacks as the top threat faced by businesses today. The 5th annual BCI Horizon Scan report is a research study produced in association with business services provider BSI, assessing business preparedness and measuring the feelings of business continuity and resilience professionals from 568 organisations globally. It provides an insight ...

WM Researchers from the Masdar Institute of Science and Technology have 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 panels to ...

lisbon / AP The construction cranes poking up from the jumble of terracotta roofs on Lisbon’s skyline can be counted on one hand — a dismal reminder for Ricardo Gomes of how little work there is for his construction company. The Portuguese Socialist government has promised to change that, advocating an end to Europe’s years of budget austerity by increasing ...

Bloomberg Pat Byrne, chairman of CityJet Ltd., purchased the carrier he once founded — less than a month after the sale of London City airport. Byrne, his management team and an unidentified consortium of private equity companies purchased CityJet, the largest airline at the airport, from Intro Aviation GmbH, the German company said in a statement, without disclosing financial details. ...

Madrid / AFP One of the world’s biggest renewable energy firms, Spain’s Abengoa, said on Monday it had been given a seven-month breathing space by its creditors for restructuring that should stave off the threat of immediate bankruptcy. The company ended 2015 with a debt of €9.4 billion, which it hopes to slim to €4.9 billion. It announced in November ...