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

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa), inaugurated the extension project of M-Station in Jebel Ali, the largest power and water desalination plant in the UAE. With the construction of the extension, the total cost of M-Station reached AED11.669 billion while ...

Abu Dhabi / WAM The Abu Dhabi Government has repaid its sovereign bonds on 8th April 2019, according to an announcement by the Department of Finance – Abu Dhabi. The bonds were issued by Abu Dhabi Government in 2009 in two tranches of $1.5 billion each, with a total value of $3 billion. The first tranche with a value of ...

Dubai / Emirates Business Emirates continued its winning streak when it took top honours by sweeping five awards last night at the Business Traveller Middle East Awards 2019. The airline took home the highly regarded industry accolades for Airline with the Best First Class, Airline with the Best Economy Class, Airline with the Best Frequent Flyer Program and Best Airport ...

Abu Dhabi / WAM The Small to Medium Enterprise Exhibition (SME Expo), kicked-off on Monday in the nation’s capital, Abu Dhabi. The event was inaugurated by Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE Small and Medium Enterprises Council. The two-day event is organised in strategic partnership with various funding programmes – such as the ...

Dubai / WAM Dubai World Central (DWC), is set to handle 240 million passengers, the CEO of Dubai Airports Corporation Paul Griffiths revealed on Tuesday at the 19th edition of the Dubai Airport Show. In a keynote address, Griffiths said that future passengers will be provided with a “personalised experience” at DWC, adding that the hub model is “right and ...

Beijing / WAM Mansour Ibrahim Al Mansouri, Director-General of the National Media Council (NMC), officially opened the UAE Pavilion at the Expo 2019 Beijing, taking place in the Chinese capital from April 29 to October 7. Managed and supervised by the NMC, the Pavilion bears the theme ‘Greening the Desert’. This participation, which is the UAE’s first at the Expo’s ...

Bloomberg Anadarko Petroleum Corp, the oil producer at the center of a bidding war, posted adjusted earnings for the first quarter that beat analysts’ estimates as oil and gas sales rose versus last year. The Texas-based driller said it earned 53 cents a share, excluding one-time items that included a $316 million loss attributed to the settlement of commodity derivatives. ...

Bloomberg Spanish PM Pedro Sanchez is looking to keep his options open as he prepares for talks with potential allies over his next government. And that includes Ciudadanos, the center-right party that spent the last few months saying that he must be kicked out of office. Spainish election delivered a clear victory to Sanchez’s Socialist party, but no straightforward route ...

Bloomberg The death toll from Tropical Cyclone Kenneth increased to 42 as the Indian Ocean archipelago of Comoros struggles to restore power supplies and torrential rains causes flooding in Mozambique. At least 182 people were injured by the hurricane-strength storm that swept across the two nations, the United Nations humanitarian office said. Kenneth was the second cyclone to hit Mozambique ...

Bloomberg An Algerian convicted in 2015 for his involvement in an unsuccessful terrorist plot to blow up the Eiffel Tower and Louvre Museum in Paris can be deported to his home country without a credible risk of torture or other inhuman treatment, Europe’s top human rights tribunal has ruled. Ali Meguimi was sentenced in 2015 to a six-year prison term ...