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

Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Tuesday inaugurated the Dubai Design Academy (DDA). Offering exclusive jewellery-design programme, the new academy will equip students with innovative design development training and practical experience of very latest Computer Aided Design (CAD), designing and manufacturing technology shaping the modern jewellery ...

ABU DHABI / WAM A high-level Chinese delegation from Shanghai Stock Exchange (SSE), headed by Fu Hao, Deputy Director-General of Global Business Development Committee and Managing Director of Global Business Development Department of SSE, visited the Abu Dhabi Securities Exchange (ADX). The aim of the visit is to deepen cooperation and explore partnership opportunities between the two stock markets. During ...

DUBAI / WAM Emirates Post, in cooperation with Mohammed bin Rashid Space Centre (MBRSC), has issued a series of commemorative stamps to celebrate the UAE Astronaut Programme, which will take the first Emirati astronaut Hazza Al Mansoori to the International Space Station (ISS), on September 25. The series of stamps are launched 55 years after the late Sheikh Rashid bin ...

Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), received a senior financial delegation from Indonesia that aimed to learn about the Islamic economy system in the UAE and explore opportunities for cooperation. The delegation comprised senior officials from Bank Indonesia – the central bank of the country – and the Indonesia Halal Lifestyle Centre, as well as representatives of ...

NEW YORK / WAM The United Arab Emirates has emphasised the health benefits of addressing climate change including air pollution, and extreme weather events, and called for greater global efforts to address the climate-health nexus. During the UN General Assembly’s High-Level Meeting on Universal Health Coverage, Hessa Essa Buhumaid, Minister of Community Development, noted that there is far too little ...

Bloomberg Sudan’s newly appointed oil minister urged international energy companies to speed up efforts to find and develop deposits in a country struggling to recover from US sanctions and a plunge in petroleum revenue. Officials from Schlumberger Ltd., an oilfield services company based in Houston, met with Oil and Mining Minister Adel Ali Ibrahim and expressed a readiness to resume ...

Bloomberg Kenya is expanding its solar power, building two utility-scale projects that will supply green electricity to about 300,000 of the nation’s homes. The Radiant and Eldosol solar plants with a combined capacity of 80 megawatts will cost $147 million, the European Investment Bank said. The European trade bloc’s lender is co-funding the plants with Dutch bank Nederlandse FMO NV, ...

Bloomberg Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice said search engines should remove results on European versions of its websites and weren’t required to scrub links globally. Five ...

Bloomberg Germany is not on the verge of a recession and old-style stimulus programmes are not in vogue any more, Economy Minister Peter Altmaier said on Tuesday. While Altmaier denied the country was heading into a recession, he said the deteriorating international scenario was beginning to weigh on the export-driven economy. “I think old-style stimulus programs are not in vogue ...

Bloomberg Fintech Fundbox Inc has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company was expected to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose ...