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 Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai, signed two separate agreements with the Abu Dhabi Commercial Bank (ADCB), and Mashreq Bank to ensure the provision of banking services to e-traders. The agreements will ensure stronger banking support and smooth transactions for holders of e-Trader licenses, laun-ched by DED ...

Bloomberg Oil rose to a level last seen in late 2014 after US crude stockpiles tumbled by the most since September 2016. Domestic crude inventories declined by 9.89 million barrels last week, while refiners boosted oil processing rates and exports soared to a record, the Energy Information Administration said. Oil stored at the key pipeline hub in Cushing, Oklahoma, shrank ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, announced that its project to develop a bauxite mine and associated export facilities in the Republic of Guinea, West Africa, has reached 50 percent construction completion. Over 4,000 Guineans, 90 percent from the Boké region, are currently working to construct the ...

PARIS / WAM The Ministry of Economy (MoE), represented by the International Centre for Patent Registration, and the French Ministry of Economy, represented by the National Industrial Property Institute (INPI), signed a memorandum of understanding (MoU) to improve the competitiveness of small and media-sized enterprises (SMEs), and promote intellectual property awareness in both countries. The MoU aims to promote cooperation ...

ABU DHABI / WAM Abu Dhabi’s Department of Economic Development (ADDED) and Abu Dhabi’s Smart Solutions and Services Authority (ADS-SSA), have implemented the ‘Tamm’ system, which will shor-ten the process of obtaining an economic licence from eight steps to only one, without need to visit any government entity. This is in line with the recent social and economic initiatives of ...

HONG KONG / WAM The total trade between the UAE and Hong Kong increased to $ 10.87 billion in 2017 from $10.59 billion in 2016, according to Hong Kong government statistics, obtained by Emirates News Agency (WAM). The UAE is participating in the Third Belt and Road (BnR) Summit, being held in Hong Kong. Abdullah Al Saleh, Under-Secretary for Foreign ...

ABU DHABI / WAM The Federal Competitiveness and Statistics Authority (FCSA) signed a strategic partnership agreement with Smart Dubai, to enhance cooperation for supporting the 2nd United Nations World Data Forum 2018. The forum will be held in the UAE in October, with over 1500 experts in the field of data and statistics from countries of the world expected to ...

NEW YORK / WAM The UAE called for a zero-tolerance policy towards terrorism in all its forms including those who commit and support terrorism and reiterated its commitment to working with its regional and international partners to confront extremism and terrorism in order to restore stability in the Arab region at the UN General Assembly. Salem Al Zaabi, Head of ...

ABU DHABI / WAM The United Arab Emirates, Saudi Arabia, Bahrain and Egypt have decided to submit the issue of the sovereign airspace of the four Arab countries with Qatar which is being considered at the International Civil Aviation Organisation (ICAO) to the International Court of Justice (ICJ), on the grounds that ICAO was not competent to consider that dispute. ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Insurance Authority, has approved the “Innovation Strategy in the Insurance Sector for 2018 – 2021.” He approved the strategy on the sidelines of the “3rd Innovation Lab in the Insurance Sector,” which was organised by the Insurance Authority in Dubai, with the attendance of ...