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

Bloomberg Nigeria fully complied in December with limits to oil output set by Opec and other global producers, the head of the country’s energy company said. “We’ve met all of our commitments as of today,” Mele Kyari, group managing director of Nigerian National Petroleum Corp. (NNPC) as the state energy company is known, said in a Bloomberg Television interview in ...

ABU DHABI / WAM The President of the 74th session of the UN General Assembly, Tijjani Muhammad-Bande, emphasised that the UAE is a global role model in sustainable development, in light of its significant global efforts in sharing renewable energy solutions across the world. He praised its continued support to the organisation’s programmes, especially at the humanitarian and development levels. ...

DUBAI / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. 1 of 2020 pertaining to leasing in the Dubai International Financial Centre (DIFC). The law will enhance the DIFC’s property market and reflects the centre’s commitment to maintaining a legal ...

Abu Dhabi / WAM The year 2019 has seen tremendous success for Abu Dhabi Ports, with the company having achieved a number of significant milestones, underlining its role as a key regional and global facilitator of trade. “Thanks to the guidance and support of the UAE’s leadership, along with the participation of our partners, stakeholders, and customers, Abu Dhabi Ports ...

Dubai / WAM The Ministry of Health and Prevention (MoHAP), had announced its Visiting Consultants Programme for the month of January 2020. A group of more than 23 consultants are visiting 10 of MoHAP’s hospitals to provide therapeutic and diagnostic services in accordance with the best international practices. The hospitals are; Al Qasimi Hospital, Kuwait Hospital (Sharjah), KhorFakkan Hosptial and Al ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, announces its January Global Sale giving travellers the opportunity to beat the January blues and get away to explore exciting cities and holiday destinations. Travellers can jet off from January 20 until November 25 for less, with fares from Abu Dhabi to London Heathrow starting from just ...

ABU DHABI / WAM The UAE Space Agency announced its collaboration with the Abu Dhabi-based global innovation hub, Krypto Labs, to launch the UAE NewSpace Innovation Programme, which aims to maximise the growth of space technology start-ups with NewSpace, the rising private spaceflight industry. The programme falls under the purview of the National Space Investment Promotion Plan, which aims to ...

Bloomberg Iran admitted it accidentally shot down a Ukrainian jetliner that it mistook for a threat during hostilities with the US, marking a dramatic reversal after repeatedly denying such a scenario and accusing Western governments of spreading lies. Ukraine International Airlines Flight 752 was flying close to a sensitive Islamic Revolutionary Guard Corps military site when it was downed because ...

Bloomberg A convoy of US troops was hit by a roadside bomb in Afghanistan’s province of Kandahar on Saturday, AP reported, citing unidentified NATO and local officials. Two US troops were killed and two injured when the explosive device hit the military vehicle, military officials said. The Taliban earlier claimed responsibility for the attack through its spokesman Qari Yousuf Ahmadi. ...

Bloomberg President Tsai Ing-wen won a landslide victory over China-friendly opposition challenger Han Kuo-yu to clinch a second term in Taiwan’s presidential election, dealing a blow to Beijing, which has long sought to bring the democratically run island under its control. Han conceded defeat just before 9 pm at his headquarters in the southern city of Kaohsiung. Tsai had a ...