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 Emirates Integrated Telecommunications Company’s (du) share hit the highest level in one year and a half, amid expectations the company would raise foreign ownership ceiling to be listed onthe MSCI Emerging Markets Index. The share rose 6.54%, the best performance since late June 2014 when it Jumped 7.6%. Arqaam Capital expected du to be the next ...

Dubai / Emirates Business du has announced that during this year’s Special Numbers Auction, which is being organised in collaboration with Online Auctions, a total of 50 exclusive packages in four different categories will be up for grabs. These categories include Auction Gold, Auction Diamond, Auction Platinum and Auction Platinum Plus. The event takes place on February 6, 2016 at ...

Abu Dhabi / WAM The Ministry of Economy and the Mohammed bin Rashid Al Maktoum Foundation have signed a Memorandum of Understanding that will see the two sides cooperate in supporting research and development, publishing, translation, and developing public awareness by issuing books and organising cultural events mutually beneficial to both sides. Under the MoU, entitled, ‘Reading is a Catalyst ...

Abu Dhabi / EMIRATES BUSINESS ’Pakistan-based JS Bank has officially opened its first branch office outside of its home country, in the Kingdom of Bahrain, targeting the GCC, and eventually the wider Middle East and North Africa (MENA). The announcement follows the awarding of a wholesale conventional banking license to JS Bank by the Central Bank of Bahrain (CBB) last ...

Abu Dhabi / EMIRATES BUSINESS The Abu Dhabi Education Council (ADEC) and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, has announced the commencement of Live Science, a joint initiative to bring together aspiring engineers, scientists and curious UAE youth. Live Science launched at Mushrif Central Park in Abu Dhabi. The event welcomes Abu Dhabi’s youth to ...

Sunaina Rana / EMIRATES BUSINESS SAP SE and Lenovo has announced a multidimensional partnership to develop cloud solutions in China. The creation is an innovation between SAP HANA platform and Lenovo systems, both the entities would jointly implement global go-to-market programmes. The arrangement is anticipated to significantly reinforce a current association and further combine SAP solutions with Lenovo’s data center. ...

RITIKA SHARMA / EMIRATES BUSINESS Jebel Ali Free Zone, Jafza, the flagship Free Zone of Dubai and trade and logistics hub for the wider Middle East region, is home to hundreds of companies from SMEs to big business houses. In recent years as much as have the trade figures increased, the frequency of business travel has increased too. The business ...

DUBAI / EMIRATES BUSINESS The overall investment market is not looking very promising due to fluctuating oil prices and financial meltdown in various industries, but Dubai property firm Aqua Properties is sure to make good out of even dismal market. In a bid to achieve its aim of providing an opportunity to individuals to own their own home in the ...

Jerusalem / Bloomberg Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply natural gas from the Leviathan site offshore Israel. Partners in Leviathan, Israel’s largest field, will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to an e-mailed statement. Under ...

Lagos / AFP Onele Vincent and his colleagues are fed up with the rising cost of living. So they decided to do something about it and led a noisy protest at a top Lagos hotel where they work. “Things are more expensive, rent is high, food is high,” Vincent said last week in the lobby of the Southern Sun hotel, ...