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 total combined revenue of 50 companies listed on the Abu Dhabi and Dubai financial markets rose to AED33.73 billion in the first half of 2019, increasing by 14.7 percent compared to the same period in 2018. A survey conducted by the Emirates News Agency (WAM), on companies that disclosed their financial results showed that the ...

DUBAI / WAM Regional aircraft markets will need $600 billion in investments to meet the demand for 150-seat 10,550 aircrafts by 2038 due to rise in air travellers, according to Embraer, the Brazilian aerospace conglomerate. Market growth will drive 65 percent of this demand for the aircrafts, while the remaining 35 percent will replace ageing aircrafts, it said in a ...

DUBAI / WAM Dubai Cares has announced its support of a two-year research and design phase of a project that aims to provide continuous quality education for children whose education has been disrupted by rapid onset or protracted crises. Dubai Cares is contributing AED1,102,050 ($300,000) to the project. The research explores the development of a global quality learning curriculum framework ...

Bloomberg Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region. State-owned Saudi Aramco cut pricing for its flagship Arab Light crude to buyers in Asia by 75 cents, to a $1.70 a barrel premium over the Oman-Dubai Middle Eastern benchmark, ...

Abu Dhabi / WAM Abu Dhabi’s hotels have posted remarkable year-on-year growth in the second quarter of 2019, with hotel guest numbers reaching a record 1.2 million for the April to June period, a 6.8 percent increase from the same period in 2018. The latest report from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) also ...

NEW DELHI / WAM The recent visit to New Delhi by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, “provided an opportunity for India and the UAE to constructively build on the vision of their comprehensive strategic partnership and to broaden cooperation in various sectors of mutual interest,” the Indian Minister of State for ...

ABU DHABI/ WAM The UAE’s State Audit Institution (SAI) as the head of the International Organisation of Supreme Audit Institutions, INTOSAI, signed a Memorandum of Understanding, with the Vienna-based United Nations Office on Drugs and Crime (UNDOC) which manages the work of the Secretariat of the Conference of the States Parties, COSP, a branch of the United Nations Convention against ...

DUBAI / WAM A delegation from the Roads and Transport Authority (RTA) recently visited several universities and start-ups in Taipei, Taiwan, and Sydney, Australia, participating in the Dubai World Challenge for Self-Driving Transport. The tests were meant for participants in the second (start-ups) and third-tiers (Academia — International), and were restricted to entities shortlisted for the challenge, following a series ...

Dubai / Emirates Business In the UAE, a staggering 84 percent of high net worth individuals and business owners take an optimistic stance on the state of their economy, almost unchanged compared to last quarter’s results, according to UBS Global Wealth Management’s new quarterly Investor Sentiment survey. Similarly, 81 percent of UAE investors are bullish on regional stocks. By comparison, ...

Emirates Business According to the latest data compiled by Expedia Group from the second quarter of 2019, the number of travellers visiting UAE from China has grown significantly. Industry leaders are suggesting that the number of Chinese tourists travelling to the GCC is expected to rise by 81 percent from 1.6 million in 2018 to 2.9 million in 2022, with ...