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 Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, reported a new exchange-wide open interest record of 69,183 lots on May 31. This total is equivalent to almost 69.2 million barrels of crude oil. The latest figure surpasses the previous open interest record of 68,470 lots, which was set on ...

DUBAI / WAM The Logistics District at Dubai South has launched Masary, a new smart electronic system that reduces the transit time of goods and vehicles. The new system is considered the first of its kind in the region and will positively impact the traffic of goods and vehicles that move through the district. The Masary system is part of ...

OTTAWA / WAM The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, has met with the Canadian Minister of Transport, Marc Garneau, and discussed ways to develop joint cooperation in the air transport field and reviewed the offer made by the Canadian side to increase the number of direct flights between the two countries. During the meeting, Al Mansouri ...

ABU DHABI / WAM The Emirates Red Crescent (ERC), rescue teams in Yemen were among the first on the ground to help in the aftermath of Cyclone Mekunu, which hit the Yemeni island of Socotra in May, by initiating immediate recovery work and providing food and relief assistance, as well as reconstructing and reopening roads and restoring power supply networks. ...

HADRAMAUT / WAM The Emirates Red Crescent (ERC), continued to implement its Ramadan programmes and provide ‘iftar’ and ‘suhoor’ meals to thousands of fasting people in a number of districts of Hadramout Governorate, Yemen. The ERC teams distributed meals to patients and their families in a number of hospitals in the area. New distribution sites have been added to reach ...

Abu Dhabi / WAM In a gesture to boost their morale, Mohammed Haji Al Khouri, Director-General of the Khalifa bin Zayed Al Nahyan Foundation (KF), visited the injured Yemenis who are receiving treatment in the UAE hospitals after being evacuated from the Socotra Island following cyclone Mekunu. The Khalifa Foundation is paying the treatment expenses of those injured who were ...

DHAKA / WAM The Sheikha Fatima Global Humanitarian Campaign has provided health care to thousands of patients including women and children among Rohingya refugees in Cox’s Bazar in Bangladesh by providing diagnostic, therapeutic and preventive services under the supervision of a number of Emirati doctors. The initiative is part of Sheikha Fatima bint Mubarak Volunteer Programme, and is operating across ...

DUBAI / WAM Dubai Investments PJSC DFM: DIC, the leading, diversified investments company listed on the Dubai Financial Market (DFM), announced that its wholly owned real estate subsidiary, Dubai Investments Real Estate Company (DIRC), won the prestigious ISO 9001:2015 certification for its quality management system. The ISO certification, received from the Russian Register and IQ Net international certification network, is ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), and a delegation from the Sharjah Police have discussed ways to develop a number of special procedures for the used car trade sector, which falls within the jurisdiction of the Sharjah Police. The meeting, which was held at the SCCI headquarters, was also attended by representatives from the Used ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has again invited Dubai’s citizens and residents to benefit from the Shams Dubai smart initiative, following the outstanding success and the great adoption rate the initiative has achieved since its launch. Shams Dubai encourages DEWA customers to install solar photovoltaic panels on the roofs of their premises to generate electricity from ...