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

Dubai / WAM Dubai has scored a new milestone in its bid to cement its leadership in the international maritime sector after it was selected as one of the world’s top five in the International Shipping Centre Development Index (ISCD). Backed by legal and legislative excellence, Dubai is known for its advanced infrastructure, world-class maritime and logistics capabilities–a competitive environment ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development announced it is targeting five strategic sectors in 2018, which are leisure and entertainment, services, professional, scientific and technical, and Information and Communications Technology, as well as support services. The fund’s announcement is in line with its vision to reinforce the competitiveness of small and medium-sized enterprises (SMEs), to contribute ...

Abu Dhabi / WAM In another step on the road to promoting medical tourism in Abu Dhabi and as part of its efforts to enhance the standards of quality of care, Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, urged all healthcare providers in Abu Dhabi to document medical tourism patients’ records ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), highlighted the support and attention of the UAE and its wise leadership to the current humanitarian situation in Yemen. In a phone conversation with Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen, the ...

Dubai / Emirates Business Dubai Science Park (DSP), a science-focused business community, signed a memorandum of understanding (MoU) with OPEN Health, a communications and market access firm, Synapse Medical Services, a healthcare service provider, and Connect Communications, a strategic healthcare communications company, to launch the healthcare networking platform Advance Health. The platform converges key stakeholders in the healthcare sector in ...

Bloomberg India has recommended imposing a 25 percent safeguard duty on solar cells from China and Malaysia, saying the overseas supplies have caused or threatened “serious injury” to domestic manufacturers. Under the proposed plan, the safeguard duty would be applicable for two years, India’s Directorate General of Trade Remedies, a unit of the commerce ministry, said in the conclusion of ...

Bloomberg BMW AG is the first overseas carmaker to get a potential toehold in Chinese electric-car battery maker Contemporary Amperex Technology Co. Ltd., obtaining the right to make an equity investment of as much as $427 million. BMW Brilliance, the German carmaker’s Chinese joint venture, is entitled to invest in CATL if the company plans to sell shares in China ...

Bloomberg Pinduoduo Inc., the Chinese e-commerce operator backed by Tencent Holdings Ltd., plans to raise as much as $1.6 billion in a US initial public offering to bankroll a fight against rivals like Alibaba. The Shanghai-based firm is offering 85.6 million American Depositary Shares at $16 to $19 apiece, it said in a stock exchange filing. Tencent, the leader in ...

Bloomberg Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial advisers about a possible disposal of the unit after receiving interest, the people said, asking not to be identified ...

Bloomberg ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending US technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from US suppliers like Qualcomm Inc., the people said, asking not to ...