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

Bloomberg Billionaire Sebastian Pinera swept to victory in the second round of Chile’s presidential election, putting him back in charge of Latin America’s wealthiest country after four years of anemic growth that drew millions of voters to his pro-business agenda. It was a victory for those who believe fervently in growth first — and equality second — and it was ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Team Abu Dhabi, who recently won the Formula 1 Powerboat World Championship title. The winners were accompanied by His Highness Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE ...

Abu Dhabi / WAM The Statistic Centre Abu Dhabi (SCAD), predicted that the coming period will witness further growth and prosperity in various areas, including in the sectors of commerce, manufacturing and services while stressing that Abu Dhabi’s import and export activities are key to its economic development. SCAD confirmed an increase in the value of imports during the third ...

Dubai / WAM The ENOC Group has announced the launch of its first ‘Sustainability Performance Report’ with the region’s first sustainability performance index for the oil and gas sector in Middle East to chart and monitor company’s performance over three pillars of sustainability including economic, social and environmental. The report highlights ENOC’s sustainability initiatives in line with the UAE Vision ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Suresh Prabhu, Minister of Commerce and Industry of India, along with his delegation, have discussed means of cooperation across several areas of mutual interest. During the meeting, which was held at the headquarters of the ministry in Dubai, the delegation viewed the country’s development plans ...

Abu Dhabi / WAM An exhibition which highlights the work of the UAE Armed Forces and the brave men and women who voluntarily devote their lives to the homeland, recently opened at Etihad Museum. The exhibition, ‘Protectors of the Nation: Sacrifice and Giving’, also charts the formation of the nation’s armed forces alongside the UAE’s own development following the Union ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Monday announced the findings of The Cloud Report 2017, commissioned in partnership with IBM and produced by Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. Launched at a joint press conference ...

Bloomberg Stocks kicked off the penultimate week of the year on a positive note after Republicans reached an agreement on the shape of US tax cuts. The dollar dropped and Treasuries headed lower. The S&P 500 Index rose to new highs Monday, and the KBW bank index rose to its highest since October 2007, as investors focussed on the progress ...

Reuters Saudi Arabia’s stock market surged on Monday as cement firms climbed before the release of the government’s 2018 budget, which is expected to include an increase in infrastructure spending. The Saudi stock index surged 1.4 percent in active trade. Five of the 10 most heavily traded shares and six of the 10 top gainers were cement firms, with Najran ...

DUBAI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), has launched the ‘DAFZA’s Strategy for Islamic Economy’ which is based on strategic initiatives involving the Islamic economy and halal sectors. The strategy will help attract more foreign direct investments (FDIs) to the sectors and support the ‘Dubai – Capital ...