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

Sharjah / WAM The 2018 Oxford Business Group (OBG), report for Sharjah shows that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new heights. The document, ‘The Report Sharjah 2018’, provides an in-depth analysis of the most prevalent sectors and industries, highlighting the move away from hydrocarbons and towards a ...

SHARJAH / WAM Sharjah National Oil Corporation (Snoc), announced the commissioning of an LPG Blending and Loading project in Sharjah’s Sajaa Complex. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Snoc, emphasised that the step stems from the Corporation’s keenness to meet the growing local demand for liquefied petroleum gas, LPG, and to implement relevant projects. He explained that the ...

HODEIDAH / WAM Yemen’s fishing sector resumed its activities, restoring a major source of livelihood for its citizens, as part of the Saudi-led Arab Coalition’s efforts to retake the strategic port of Hodeidah from Iranian-backed Houthi militias, and to restore stability in liberated areas of Yemen’s Red Sea Coast. For many Yemenis in Hodeidah and its surrounding areas, fishing is ...

Aden / WAM The Emirates Red Crescent (ERC), presented financial rewards to doctors who worked during Eid al-Fitr in health centres across Aden, as a token of appreciation for their efforts to serve the community. The ERC team provided Dr. Ishraq Al Sebaie, Under-Secretary of the General Health and Population Ministry of Yemen, with the financial rewards for the doctors ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has announced its partnership with SEHA as Official Healthcare Provider for the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) 2018, which will be held from October 17-20 at the Abu Dhabi National Exhibition Centre. SEHA will be present at the show with a fully equipped mobile ...

Bloomberg Saudi Arabia promised to act decisively to keep oil prices under control, signalling a real supply boost approaching 1 million barrels a day is on the way to global markets. “We will do whatever is necessary to keep the market in balance,” Saudi Energy Minister Khalid Al-Falih told reporters, while sitting alongside his Russian counterpart Alexander Novak at OPEC ...

Bloomberg Egypt may have just issued its last LNG tender, setting the stage to resume exports next year. Imports of liquefied natural gas may stop in the fourth quarter, allowing for exports to start early next year as Eni SpA’s Zohr and other gas fields boost production in the country and help to draw more foreign investment, Petroleum and Mineral ...

Bloomberg A sparsely populated Chinese province that is home to the headwaters of the Yellow and Yangtze rivers is poised for another clean energy milestone. The northwest Chinese province of Qinghai is aiming to use only electricity generated from renewable sources, including hydroelectric pow-er, to supply its population of nearly 6 million over a nine-day period that started June 20, ...

Bloomberg Xiaomi Corp. said it hasn’t set a timeframe to revive an offering of Chinese depository shares, a delay that could hurt China’s ambitions to lure its tech giants to list in the domestic market. The Chinese phonemaker had no dispute with China Securities Regulatory Commission on the proposed listing, Chief Financial Officer Chew Shou Zi said at a briefing ...

Bloomberg Donald Trump’s threats of a trade war with China are sending jitters through the hedge-fund community. Pinpoint Asset Management and SPQ Asia Capital have recently cut a measure of risk called net exposure — the difference between bullish and bearish bets — for hedge funds that invest in China. FengHe Asia Fund, which focuses on China, Taiwan and Vietnam, ...