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

Bloomberg Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week. State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people with knowledge of the situation. The news helped to push crude ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC), announced the successful launch of the space mission carrying the first Emirati astronaut, Hazza Al Mansoori, aboard the Russian spacecraft Soyuz MS-15, at 5:57 pm UAE time. This is the UAE’s first mission to the International Space Station (ISS), from the Baikonur Cosmodrome in Kazakhstan. Al Mansoori is accompanied on the ...

Dubai / WAM Emirates NBD on Wednesday announced that it has created E20., the UAE’s first digital business bank for entrepreneurs and small and medium-sized enterprises (SMEs), businesses. In a press release issued by Emirates NBD on Wednesday, E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies to open a bank account ...

Bloomberg The European Union (EU) is weighing an aggressive new approach to its trade dispute with the US, signaling a willingness to engage in the combative tactics embraced by President Donald Trump and risking a further deterioration in transatlantic relations. The EU is considering imposing tariffs on more than $4 billion of US exports, citing as justification a 22-year-old World ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, on Wednesday visited the Cityscape Global 2019 – the 19th annual edition of the gateway event for regional real estate investment – at Dubai World Trade Centre (DWTC). HH Sheikh Ahmed was joined ...

Dubai / WAM To commemorate UAE’s first manned mission to space, Montegrappa, an Italian company of luxury products, launched a unique fountain pen commissioned for the Mohammed Bin Rashid Space Centre (MBRSC), celebrating Hazza Al Mansoori, the first Emirati astronaut in space. MBRSC is also responsible for the development of various projects including the UAE Astronaut Programme and the development ...

Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), met Sardor Umurzakov, Minister of Investments and Foreign Trade of Uzbekistan, to discuss the strengthening of relations between the UAE and Uzbekistan across various fields of mutual interest. The meeting also examined ways of bolstering investment and economic cooperation between the Fund and Government of ...

Abu Dhabi / WAM Tourists arrival in Abu Dhabi and Dubai grew 3.4 percent in H1 2019 on year according to officials figures released by the official tourist departments in both emirates. With tourists and hotel guests surging to 10.86 million by the end of June, according to the official figures, Abu Dhabi and Dubai continue to be the country’s ...

Abu Dhabi / WAM The UAE, represented by a team from the Khalifa bin Zayed Al Nahyan Foundation, continues to provide food and shelter to people in various Sudanese provinces affected by floods in the country, helping 50,000 people so far. This is following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the support of His ...

Abu Dhabi / WAM Louvre Abu Dhabi will present ‘10,000 Years of Luxury’, an exhibition that explores the history of luxury for the first time in the Middle East. Organised by Louvre Abu Dhabi, Musée des Arts Décoratifs and Agence France-Muséums, the exhibition, which will open on October 30, features approximately 350 objects including fashion, jewelery, visual art, furniture and ...