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

DUBAI / WAM Rapid adoption of artificial intelligence (AI) solutions will increase the UAE’s GDP by $96 billion by 2030, enabling organisations to better meet and predict customer and citizen trends and drive digital business innovation. As the UAE Strategy for AI guides nationwide transformation, AI and machine learning are entering the mainstream. PwC predicts that AI will contribute $96 ...

ABU DHABI / Emirates Business Meraas has announced a series of major projects aimed at boosting the tourism sector in Hatta and advancing the social and economic development of the area. The move aligns with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which include ...

DUBAI / WAM The Federal Electricity and Water Authority (FEWA) signed an agreement with the Commercial Bank International (CBI) under which the bank will provide bill payment services to its customers through its branches within and outside the UAE. The agreement was signed by Sheikha Murad Al Blooshi, Director of the Revenue and Credit Department, and Shaker Zainal, Head of ...

Bloomberg OPEC and its allies are doing what they can to offset crude output shortfalls that have kept global supplies tight and prices high, but they don’t want to overdo it. That was the message from United Arab Emirates Energy Minister Suhail Al Mazrouei after being asked about US President Donald Trump’s call for the group to do more. He ...

New York / WAM The UAE has reaffirmed its deep commitment to protecting children in armed conflict, both by providing humanitarian aid and ensuring their long-term wellbeing. Lana Nusseibeh, Ambassador and Permanent Representative of UAE to the UN made the remarks while delivering the UAE statement at the United Nations Security Council Open Debate on Children and Armed Conflict, chaired ...

Beijing / WAM The UAE is participating in the China-Arab Cooperation Forum, which kicked-off on Tuesday in Beijing, in the presence of Chinese President Xi Jinping and a number of high-level delegations from Arab states, and Arab League Secretary-General Ahmed Aboul-Gheit. The UAE delegation is headed by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and includes Yacoub ...

Abu Dhabi / WAM ‘Idex,’ a subsidiary of Abu Dhabi National Exhibitions Company (Adnec), announced the launch of the Online Registration Portal for the upcoming edition of the International Defence Exhibition & Conference (Idex 2019) and the Naval Defence Exhibition & Conference (Navdex 2019). Exhibitors, experts, visitors, as well as local and international media representatives can now conveniently register for ...

Abu Dhabi / WAM The Awqaf and Minors Affairs Foundation (AMAF), issued its financial report for the fiscal year ending December 31, 2017, recording an 11 percent increase in its investments profits it manages to fund its charitable and humanitarian projects. The foundation released the report in line with its commitment to transparency in its operational and financial activities and ...

Abu Dhabi / WAM The Federal Electricity and Water Authority (Fewa), signed an agreement with the Commercial Bank International (CBI), under which the bank will provide bill payment services to its customers through its various branches within and outside the UAE. Commenting on the announcement, Sheikha Murad Al Blooshi, Director of the Revenue and Credit Department, said that the authority ...

Dubai / Emirates Business The UAE has set another benchmark for the early adoption of advanced new technology, with Expo 2020 Dubai becoming the first major commercial customer in the Middle East, Africa and South Asia (Measa) region to access 5G services, through its partnership with Etisalat. The leading UAE telecom provider connected Expo 2020 Dubai to its 5G network, ...