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 First Abu Dhabi Bank (FAB) has committed its support to a new FAB Scholars initiative, supporting the growth of Emirati students that have enrolled in the Paris II University law programme at DIFC Academy. Under the agreement between FAB and Paris II University [Université Paris 2 Panthéon-Assas] — the institution will be accepting up to 30 ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) clarified that a natural person owning a number of sole establishments may only obtain one tax registration for all its sole establishments, and not a registration for each establishment separately. The FTA indicated that a sole establishment (also referred to as sole proprietorship) is a legal form of business which is ...

Ajman / WAM The Ministry of Education, in cooperation with the Emergency, Crisis, and Disaster management team in the Emirate of Ajman, has decided to suspend the regular learning in all schools and nurseries and shift 100% to distance learning. The move came in response to the strategic requirements pursued by the UAE to ensure the health and safety of ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 165,796 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

DUBAI / WAM UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan congratulated UAE citizens and residents and people of the wider region for the success of the UAE’s Hope Probe arrival to Mars in the first-ever Arab interplanetary mission that marks the Arab world’s entry in the global race of space exploration. The UAE made history on Tuesday ...

While observing its Golden Jubilee, the UAE has carved itself an exceptional foothold in the “farthest point in the universe Arabs have ever reached” as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai put it!. The Hope Probe’s long awaited rendezvous with the Red Planet is not just a ...

Abu Dhabi / WAM Noura Khalifa Al Suwaidi, Secretary-General of the General Women’s Union (GWU), received Arancha Gonzalez Laya, Spanish Minister for Foreign Affairs, European Union and Cooperation, at the GWU’s headquarters. Also present were Antonio Álvarez Barthe, Ambassador of Spain to the UAE, along with a number of officials. The meeting touched upon means to further develop joint partnerships ...

ABU DHABI / WAM Abu Dhabi Health Services Company, (Seha), the largest healthcare network in the UAE, has signed a Memorandum of Understanding (MoU) with King Fahad Specialist Hospital (KFSH-D), Dammam, Saudi Arabia. Under the patronage of Dr Abdulaziz Al Ghamdi, Chief Executive Officer of the First Health Cluster in Eastern Region, KSA; SEHA’s Group Chief Executive Officer, Dr Gareth ...

Bloomberg Oil majors paid a hefty premium to develop the next generation of major British offshore wind farms after BP Plc and Total SE won contracts in an auction ahead of many of the utilities that have dominated the space until now. The Crown Estate auctioned seabed rights that will allow about 8 gigawatts of new wind farms, enough to ...

Bloomberg Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy. The results show once again how the French giant has proved more resilient than its peers throughout downturn caused by coronavirus pandemic. As its more heavily indebted rivals have stumbled, Total led the way ...