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 continued to be the destination of choice for businessmen and investors as the Depa- rtment of Economic Department (DED) issued 1,689 new licenses and completed 26,184 transactions relating to business registration and licensing in the emirate during May 2018. Renewal of existing licenses accounted for the largest share of the total transactions as their numbers reached ...

NEW DELHI / WAM A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. India’s state-owned oil exploration company, ONGC Videsh Ltd (OVL) annou-nced receipt of the first tranche of equity oil cargo from Abu Dhabi’s Lower Zakum oilfield. A shipload of Das blend crude oil has reached New Mangalore ...

DUBAI / WAM Master developer Nakheel has signed a contract worth AED66 million for a choreographed fountain at The Pointe, its new AED800 million waterfront dining and entertainment destination on Dubai’s world-famous Palm Jumeirah. The developer has appointed one of China’s largest fountain specialists, Beijing Water Design, to deliver and operate the fountain, which will cover a 12,000 square metre ...

ABU DHABI / WAM A total of 329 industrial establishments have had their occupational safety and health manag- ement systems (OSHMS) approved by the Industrial Development Bureau of the Department of Economic Development (DED) in Abu Dhabi until the end of the first quarter of 2018. The OSHMS of eight establishments were previously approved during Q1, which indicates the stability ...

Dubai / WAM Over 8,000 needy families in Dubai and other northern Emirates have benefitted from smart Ramadan Vouchers provided in honourable gesture by HH Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. Valued at around AED4.2 million, the e-vouchers have ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s leading fuels and convenience retailer, is expanding the number of Smart Tag installation centers in the UAE to meet increased demand from motorists. More than 141,000 Smart Tags have now been fitted to vehicles across the country, including 29,500 since Adnoc Distribution launched a free giveaway. Two new Smart Tag installation ...

ABU DHABI / WAM Masdar City’s Etihad Eco-Residence has won the Green Residential Building award at the Emirates Green Building Council (EmiratesGBC) Middle East and North Africa (Mena) Green Building Awards 2018. A team from Multiplex Constructions LLC, which built the complex, received the award for the Masdar-developed project at a ceremony in Dubai. Designed by project partners Woods Bagot ...

SHARJAH / WAM In 2017, Sharjah Charity International (SCI), launched a series of projects in several countries, including Niger, Malawi, India, Tanzania, Sri Lanka, Sudan and Egypt, worth AED7 million, which benefitted poor families. The projects included those in the areas of housing, stories, wells, mosques, schools and infrastructure maintenance, and were funded by an endowment donated by philanthropists in ...

Dubai / WAM Smart Dubai has begun carrying out the first phase of the Dubai Paperless Strategy, which seeks to digitise internal and external transactions at government offices, and save time and effort for employees and customers. The initiative was launched in early 2018 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

ABU DHABI / WAM The Sheikha Fatima Global Humanitarian Campaign (Elaj), has provided free medical treatment to over 20,000 women and children in Sudanese villages, under the slogan, “We Are All Our Mother Fatima,” as part of the Fatima bint Mubarak Volunteering Programme, under a joint initiative by the Zayed Giving Initiative, the General Women’s Union (GWU), and the Sanad ...