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

Dubai / WAM The UAE has jumped from the 104th spot to first place globally in the internet and telephony level of competition, the Telecommunications Regulatory Authority (TRA), announced. This was revealed in the Knowledge Index Report, which was recently published by the United Nations Development Programme and the Mohammed Bin Rashid Al Maktoum Knowledge Foundation. The UAE also progressed ...

Abu Dhabi / Emirates Business In accordance with its commitment to social responsibility, and on the occasion of the Year of Tolerance, 2019, Abu Dhabi Securities Exchange (ADX), the leading financial market in the region, partnered with the Khalifa Bin Zayed Al Nahyan Foundation to sponsor their ‘Ramadan Iftar Project’. The ‘Ramadan Iftar Project’ provides packaged meals to those in ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, stated that 4,086 companies operated in the gold sector in Dubai, according to a report issued by the sector. The report includes statistics on the number of companies operating in Dubai, the activities of the gold market sector, and the distribution of the ...

Dubai / WAM The Dubai Chamber of Commerce and Industry will join chambers of commerce from around the world in Rio de Janeiro for 11th World Chambers Congress (WCC), where members of global chambers will gather from June 12-14. The upcoming Congress will see 1,200 participants from 100 countries, including chamber leaders, business heads and key government figures. Dubai Chamber is ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), announced a Sustainable Aquaculture Policy for the Emirate of Abu Dhabi geared towards promoting the growth of a competitive local aquaculture industry that will assist in reducing pressure on the severely exploited local fisheries. The policy will also contribute to food security and economic growth for the UAE by producing ...

Bloomberg Liquefied natural gas buyers in China are seeking to swap their US shipments for cargoes from other nations after Beijing pledged to raise tariffs amid a deepening trade dispute, according to traders with knowledge of the situation. Some Chinese LNG buyers have approached suppliers about trading the US cargoes, which they’ve already committed to buy, for shipments from non-tariff ...

Bloomberg QEP Resources Inc has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp and Callon Petroleum Co, according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott Management Corp. made a $2 ...

Bloomberg Big oil is shifting, ever so slightly, towards the electric car business. Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement. The fast-charging spots, located at five stations in the Los Angeles and San Francisco Bay areas, are being installed by EVgo, which has ...

Bloomberg Xcel Energy Inc plans to shutter its last two coal-fired power plants in the Upper Midwest a decade ahead of schedule as part of a pledge to phase out carbon-dioxide emissions. The Minneapolis-based company expects to close the Allen S. King power plant in 2028 and its Sherco 3 facility in 2030, according to a statement. Both plants are ...

Bloomberg President Donald Trump said the US is making “great progress” in trade negotiations with Japan even though a deal could come only after the latter’s elections in July. “Agriculture and beef heavily in play” in the talks, Trump tweeted after spending about 2 1/2 hours golfing with Japanese Prime Minister Shinzo Abe. “Much will wait until after their July ...