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 The UAE Cabinet has announced major changes in the Golden Residency programme aimed at attracting and retaining experts and talented professionals from various fields and scientific disciplines. The changes will take place starting from December 01, 2020. The UAE Golden Residency, a ten-year residency visa, will be granted to residents with PhD degree, in addition to ...

SHARJAH / WAM The real estate sector in the emirate of Sharjah has recorded a 10 percent growth in the real estate transactions concluded in the third quarter of 2020 as compared to the same period last year. Figures show that up to 14,854 real estate transactions, worth AED4.6 billion, were sealed over Q-3 this year. The sales transactions recorded ...

DUBAI / WAM Emirates Airline and FlySafair on Sunday announced an interline agreement, opening up connections for customers to selected routes on FlySafair’s network in South Africa. Through the arrangement, Emirates and FlySafair plan to offer the ease of single-ticket travel and through tagging of baggage for travellers transferring from Emirates’ three gateways – Johannesburg, Cape Town, and Durban to ...

Abu Dhabi / WAM The Higher Organising Committee of the Sheikh Zayed Heritage Festival 2020 announced on Sunday that the festival’s activities will begin on Friday, November 20, in Al Wathbah, Abu Dhabi. Named in honour of the late Sheikh Zayed bin Sultan Al Nahyan, founding father of the United Arab Emirates, the Sheikh Zayed Heritage Festival celebrates the country’s ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

Bloomberg Oil markets may be cheering the prospects of a coronavirus vaccine, but Opec+ can’t celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech SE’s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption. Nonetheless, the alliance of producers led by Saudi Arabia and Russia is ...

DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has won the Dubai Human Development Gold Award at the 26th Business Excellence Awards ceremony organised by the Dubai Economy. The award comes as recognition of Dafza’s efforts within human resources initiatives and applying the best practices in the development of talent. The winners were announced during a ceremony held remotely in ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

DUBAI / WAM Dubai Islamic Bank (DIB) has successfully priced a $1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the lowest ever yield achieved by any bank globally on an AT1 Sukuk issue and is the only AT1 Sukuk from the GCC in 2020. Despite the turmoil ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has launched the new updated version of the smart patient portal dubbed “Chefaa” to serve the largest segment of patients of all age groups by showcasing treatment services provided by the ministry and other patient-centric services. The new platform will act as the digital communication between patients and service providers, ...