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

ABU DHABI / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), recently met Dr. Jim Yong Kim, President of World Bank Group and his accompanying delegation, which included a number of regional directors in the Middle East. During their meeting, they discussed ways to strengthen mutual cooperation in various fields, especially in the parliamentary field. ...

Dubai / WAM Dubai Customs has firmly stood against infringements of intellectual property rights in order to protect society and the economy from the harm of counterfeit goods, and to support a competitive investment environment in Dubai by enabling producers to avoid losses arising from imitation of their brands. Consequently, the number of seizures of IPR-infringing items carried out by ...

Abu Dhabi / WAM The Microcredit Summit Campaign and the Khalifa Fund for Enterprise Development announced a strategic partnership for the 18th Microcredit Summit: Frontier Innovations in Financial Inclusion, to be held in Abu Dhabi next month. The 18th Microcredit Summit will gather global policy makers and microfinance experts to explore how microfinance and other innovative financial inclusion strategies can ...

Abu Dhabi / WAM The Department of Economic Development (DED), Abu Dhabi has expressed its commitment to eliminate all negative practices that affects the performance of the business environment in the emirate of Abu Dhabi and to maintain the advanced and safe environment, stressing the importance of combating street vendors in collaboration with all the local community. The statement came ...

ALKESH SHARMA / EMIRATES BUSINESS Emirates’ Information and Technology industry is at an all-time high, courtesy the UAE government’s progressive policies and presence of world-class IT growth catalysts in the country. It expects a Compound Annual Growth Rate (CAGR) of nearly 3.6 percent over the period of2015-2019, suggests a Business Monitor International (BMI) Research report. According to the survey, the ...

Sunaina Rana / Emirates Business As the region gears up for the 21st edition of Gulfood, Egypt’s food and beverage industry is all set to showcase and promote its halal products. Around 167 Egyptian companies are expected to participatein the event, which is scheduled from February 21-25, at Dubai World Trade Centre. “With more than 85,000 food and beverage, wholesale, ...

ALKESH SHARMA / EMIRATES BUSINESS Dubai-based eHostingDataFort (eHDF) has joined hands with IT-giant Cisco, an initiative that would ensure better services to its clients through Application-Centric Infrastructure (ACI). ACI would unify all the component of IT infrastructure — networking, storage, compute, network services, applications, security —into a single, dynamic entityand facilitate improved operational efficiency, productivity, scalability and improved security. This ...

Sharjah / Emirates Business Al Qasba Turkish Nights wrapped up its activities in Al Qasba on Friday. The ten day event turned Al Qasba’s walkways into a Turkish Bazaar scattered with kiosks selling Turkish goods, beverages and souvenirs and ran from February 4-13, receiving a massive turnout from both families and individuals. The Turkish nights were held for the first ...

Abu Dhabi / Emirates Business An innovative initiative for converting waste cooking oil into biodiesel has been launched by Tadweer, the Center of Waste Management, Abu Dhabi, in collaboration with the Masdar Institute of Science and Technology, an independent research-driven graduate-level university focused on advanced energy and sustainable technologies. Working with Masdar Institute, the Facilities Management Company Khidmah and Averda ...

Bloomberg Crude oil surged the most in seven years, rebounding from the lowest in more than a decade as equities rallied. Volatility jumped. Futures rose 12 percent in New York and 11 percent in London. U.S. stocks halted a five-day slide that dragged global equities into a bear market. Producers are ready to work together and won’t make cuts unless ...