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

DUBAI / EMIRATES BUSINESS Dubai Financial Market (DFM) on Sunday announced it has charted an all-inclusive plan to reinforce its momentous innovation journey based on suggestions generated during (UAE Innovation Week 2015); the initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai in order to encourage innovation across all sectors. ...

Dubai / EMIRATES BUSINESS Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) was awarded “Best Tourist Board” at the Travel Weekly Globe Awards in London earlier this month. The Awards are voted for by UK travel agents and industry experts, and with previous winners including the likes of BrandUSA and VisitEngland, the win is testament to the continued hard work ...

Dubai / EMIRATES BUSINESS NCR Corporation, announced a new senior sales executive appointment to drive its financial services business growth in the Saudi and Gulf area. Wael Elaawar, current managing director for Saudi and North Gulf, will take up additional responsibilities as managing director for financial services sales in the Gulf, reporting to George Flouros, vice president, MEA sales for ...

Dubai / EMIRATES BUSINESS The Ritz-Carlton Hotel Company, L.L.C. and Five Star Development Resort Communities, LLC have signed an agreement for the development of a new resort and residences in Paradise Valley near Scottsdale, Arizona. “Paradise Valley in Arizona will be a great new destination for our brand in the Americas,” said Herve Humler, president and chief operating officer for ...

Dubai / EMIRATES BUSINESS Hyatt International EAME/SWA has announced the appointment of Christian Pertl as the Regional Vice President of Sales Operations for Hyatt Hotels & Resorts, Middle East and Africa. With almost two decades in the hospitality industry, Pertl has extensive international experience in commercial operations and widespread knowledge of key feeder markets including Europe, USA, Middle East and ...

Dubai / EMIRATES BUSINESS AIG has won both ‘North Africa’ and ‘SME’ Insurer of the Year at the annual MENA Insurance Review Awards, the top awards ceremony for the regional industry. The MENA Insurance Review Awards recognise insurers, reinsurers and brokers that have demonstrated exceptional customer service and innovative product development over the previous year. Michael Jensen, AIG’s regional Managing ...

RITIKA SHARMA / EMIRATES BUSINESS Fine dining or full service shares a huge 70 percent share in the overall UAE food and beverages (F&B) market. The F&B sector is set to grow by around 4-6 percent annually to US$13.2 billion in 2018 according to reports. A KPMG report says the market, valued at US$11.7 billion in 2015, is predicted to ...

Sharjah / WAM A 27-member Japanese trade delegation recently visited Sharjah Airport International Free Zone – SAIF Zone- to explore the investment opportunities in the region and to strengthen economic relations between SAIF Zone and Japan traders. The delegation consisted of members from The RUM Alliance (Re-Use Motorization Alliance) was led by Norihiko Kondo and held discussions with Raed Bukhatir, ...

ALKESH SHARMA / EMIRATES BUSINESS Technology is developing fast in the Emirates, offering one or the other novel marvel to mankind with each passing day. This certainly calls for maintaining an equal pace with rapidly-emerging technology and for an immediate need to look beyond the existing thresholds. It is also of utmost importance to find out more innovative discoveries from ...

DUBAI / EMIRATES BUSINESS With 33,516 BMW and MINI cars sold across 12 countries and an increase of 11 percent in sale over 2-14, the BMW Group is looking forward to another positive year in the Middle East. The UAE market has been on a roll in terms of sales with 20,090 cars delivered to customers across all the Emirates ...