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

ABU DHABI / WAM Preliminary statistical data of the Federal Customs Authority (FCA) revealed that the UAE’s general trade volume from January to the end of June 2017 amounted to AED784 billion, compared to AED777.6 billion during the same period of 2016, signalling a one percent growth. The UAE’s general trade volume kept increasing during the first six months of ...

ABU DHABI / WAM A total of 1104 buildings have been completed in the Emirate of Abu Dhabi during Q3 2017, a growth of 3.6 percent from 1066 buildings during corresponding period 2016, in a yet a fresh sign reflecting the significant improvement in the realty sector in the emirate, which is considered among the key economic platforms in the ...

ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 0.4%, from AED1244.1 billion at the end of October 2017 to AED1248.8 billion at the end of November 2017. In a statement, the bank added that the Money Supply aggregate M1 decreased by 0.3%, from AED492 billion at the end of October ...

DUBAI / WAM The UAE-based Al Marakeb Boat Manufacturing Company has revealed the launch of its latest offering, the B7X. The new model, which can be utilised for both manned and unmanned operations, is also being dubbed as the world’s first ever mass produced dual-use USV being made available for commercial purposes. The B7X, along with Al Marakeb’s other models, ...

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 a delegation from Senaat General Holding Corporation and its Group of Companies, and was briefed on the milestones achieved by Senaat over the past period despite the headwinds besetting international markets. ...

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 a telephone call from the Japanese Prime Minister, Shinzo Abe. During the call, the two sides reviewed the friendly ties between the UAE and Japan and ways to strengthen and develop ...

Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of the Dubai Electricity and Water Authority (DEWA), received a senior delegation from General Electric (GE). The meeting is part of DEWA’s keenness to enhance cooperation with international companies in order to share best practices and developments in the energy sector, particularly in clean and renewable energy The delegation ...

Abu Dhabi / WAM The Mohamed bin Zayed Species Conservation Fund (MBZ), is to support research into a reassessment of the conservation status of the Mountain Cinnamon, Cinnamodendron corticosum, a flowering plant native to the rainforest of Jamaica, it has been announced. Classified as ‘Vulnerable’ on the Red Data list of the International Union for the Conservation of Nature (IUCN), ...

Dubai / WAM Dubai Financial Market (DFM), announced issuing two new regulations that pave the way for market participants to implement both repurchase agreements, Repo, and Islamic Murabaha transactions, in conjunction with the approval given by the Securities and Commodities Authority (SCA). The regulations have been outlined in line with the international best practices as well as in full coordination ...

Dubai / WAM The Federal Tax Authority (FTA), closed three commercial establishments for violating its excise tax laws, after an inspection campaign in cooperation with the Department of Economic Development of Dubai, (DED), as part of their joint efforts to limit tax violations. The FTA and the DED investigated cases of tax evasion by commercial businesses after a date was ...