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

Bloomberg Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com Inc in e-commerce. Walmart removed its products from Google’s Shopping Actions service, the internet giant said. The retailer also recently dropped out of Google Express, a related delivery service. In March, Google unveiled Shopping Actions, which lets consumers more easily buy goods from retailers through ...

Bloomberg London’s Heathrow airport will test an array of ultra high-definition cameras to help determine more accurately when its runways are clear of planes and cut the gap between flights by as much as 20 seconds. If successful, the system will initially be deployed when Heathrow’s 285-foot control tower is shrouded in cloud — a situation that currently compels the ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) financed 129 development projects in the education sector with a total value of AED2.5 billion. Benefitting 14 developing countries, these projects have contributed to achieving the United Nations’ Sustainable Development Goals (SDGs). The fund’s steadfast commitment to supporting developing countries in achieving their development priorities through building capabilities and ...

Bloomberg Oil closed higher for the third day in a row as a deal to reopen the US government eased investor fears while political turmoil in Venezuela roiled one of the world’s biggest suppliers of heavy crude. Futures in New York rose 1.1 percent, gaining steam on reports US President Donald Trump agreed to a three-week pause in the government ...

Dubai / WAM The Dubai Land Department (DLD), signed three Memorandums of Understanding (MoUs), during its participation as a strategic partner of the Egypt Mega Property Show, held in Cairo with the aim of promoting urban development between the two countries to encourage investment and real estate promotion as well as enhancing confidence by providing a distinctive and balanced investment ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to President Ram Nath Kovind of India, on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin ...

ABU DHABI / WAM The Federal Tax Authority (FTA), defined the conditions for tax de-registration, in accordance with Federal Decree-Law No. 8 of 2017. In a statement issued on Saturday, the Authority clarified the conditions and procedures for de-registration for Value Added Tax (VAT), since its implementation. The FTA explained that if a registrant stops making taxable supplies or if ...

DUBAI / WAM The Emirates Authority for Standardisation and Metrology (Esma) adopted the requirements for the official use of stamping on jewellery, precious metals and stones in UAE markets, in order to guarantee the highest levels of confidence among consumers nationwide. The Esma Board of Directors, in a meeting chaired by Sultan bin Saeed Al Mansouri, Minister of Economy and ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), announced that 5,178 new companies have joined the chamber in 2018, which represents a 7.4 percent growth in the total number of members when compared to the previous year. This increase in membership reflects the competitive advantages offered by the emirate to attract foreign investment and the innovative services ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday visited the Italian cruise ship MSC Splendida at Port Rashid in Dubai. Upon his arrival, the captain of the MSC Splendida welcomed His Highness Sheikh Mohammed and briefed him on the various facilities the gigantic cruise ...