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 Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens valued at AED410 million. They range from housing loans and grants to government housing. This follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Bloomberg PayPal Holdings Inc. pulled out of the Libra Association, a blow to Facebook Inc.’s efforts to develop a digital currency. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratise access to financial services for ...

Dubai / Emirates Business The worlds’ most global and disruptive technology events, Gitex Technology Week and Gitex Future Stars, will bring together world-class industry innovators, government leaders, technology creators and forward thinkers begin on October 6, until October 10 at Dubai World Trade Centre. With a spotlight on next-generation technology and innovations that will evolve promising startups into transformative enterprises, ...

Bloomberg Oil registered its biggest weekly decline since July as a streak of disappointing economic data compounded fears about a global recession. The 0.7% rise in New York-traded futures wasn’t enough to correct a 5.5% drop for the week. Rising US payrolls and the lowest unemployment rate in five decades undercut prospects of interest-rate cuts by the Federal Reserve. “The ...

Abu Dhabi / Emirates Business A series of key infrastructure improvements to transform the future of transport in Abu Dhabi will be outlined by the Department of Transport – Abu Dhabi (DoT) before a global audience at the World Road Congress Abu Dhabi 2019. Thousands of road transport professionals will be offered an insight into how Abu Dhabi has built ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) is participating at Gitex Technology Week 2019, taking place from October 6-10 at the Dubai World Trade Centre (DWTC). For the sixth consecutive year, ADX’s participation, within the Pavilion of the Abu Dhabi Government, will showcase its achievements in digitalising its services and highlight its efforts to enhance Abu Dhabi’s ...

Dubai / Emirates Business Dubai CommerCity (DCC), first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa), will participate in the 39th Gitex Technology Week at DWTC. Ms Amna Lootah, Assistant Director General, Dafza said: “E-commerce is one of the fastest growing sectors which is playing a key role in the growth of the local ...

RAS AL KHAIMAH / WAM The UAE Armed Forces on Saturday warned that loud noises – including those of helicopters, fighter planes, armored personnel carriers and speedboats – are expected in Al Hamra, Ras Al Khaimah as rehearsals for the 6th edition of Union Fortress begin in the emirate. In a statement, the Armed Forces also warned against approaching the ...

ABU DHABI / WAM The UAE has maintained its position as a leading investor in Lebanon with its foreign direct investment (FDI), constituting 11 percent of total FDI inflows to Lebanon, according to a top Emirati diplomat. “The upcoming joint investment forum is a realisation of the vision of the UAE’s leadership for joint Arab action, especially with Lebanon,” Hamad ...

ABU DHABI / WAM Voting for Federal National Council (FNC) representatives opened on Saturday in 39 polling centres across the country. The voting process began at 8am and ends at 8pm when voting centres will shut down, the votes counted, and the preliminary list of winners of the FNC 2019 elections announced. Since the start of the voting process – ...