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

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the nine month period ending September 30, 2017, posting an operating profit of AED228.7 million in the period, a rise of 11.9 percent quarter-on-quarter, and an increase of 5.2 percent for the nine month period compared to 2016. According to a press release from the bank, this reflects ...

NEW YORK / WAM The UAE has called on the international community to take into consideration the concerns of young people in implementing the urban agenda and to enhance their effective participation in creating sustainable cities and human settlements suitable for all. In a statement delivered by the UAE youth representatives to the United Nations, Sarah Al Suwaidi and Omar ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and N. Chandrababu Naidu, Chief Minister of the Indian State of Andhra Pradesh, have discussed the means of consolidating the joint economic and trade co-operation between the UAE and Andhra Pradesh, by focussing on potential opportunities in the fields of innovation and advanced technology, along with infrastructure, logistical services, ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market will host its annual forum for Abu Dhabi’s listed companies on Tuesday, October 24, at the Rosewood Hotel on Al Maryah Island. The forum is part of ADX’s objectives towards strengthening and developing its strategic partnerships with listed companies, as well as keeping partners up-to-date with ...

DUBAI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, stated that the people of the UAE are the cornerstone of the country’s development and endeavours to reduce energy and water consumption while increasing the use of solar energy in private properties. In his speech at the annual International Energy Day on Sunday, Al Mazrouei ...

DUBAI / WAM The Emirates Authority for Standardisation and Metrology (ESMA) confirmed that 99 percent of fuel metres in the UAE’s petrol stations are faultless in reading and measurement, and the percentage of non-conforming fuel metres at state-level fuel supply stations has dropped to one percent. According to Abdulla Abdul Qader Al Maeeni, Director-General of ESMA, the authority is continuously ...

ABU DHABI / WAM The technological advancements the world is witnessing at present have significantly contributed to the changing character of war, Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, said in her speech at the Ministry of Defence organised ‘The Leaders Conference: War in the 21st Century’ event, which opened in Abu Dhabi. “Thanks to an ...

Dubai / Emirates Business Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, has entered into a strategic partnership with Huawei with the signing of a Memorandum of Understanding (MoU). The new partnership will provide residents of Deyaar properties with cutting edge technology solutions, including smart home applications and state of the art network ...

DUBAI / Emirates Business WETEX 2017 plays a vital role in supporting the efforts of the leadership of Dubai and the UAE on the global green economy and sustainable development map, said HE Saeed Mohamed Al Tayer, MD & CEO of Dubai Electricity and Water Authority. The 19th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX), the largest ...

Abu Dhabi / Emirates Business The Offshore and Marine industry is expected to see increased business at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), with analysts predicting modest increases in spending for maintenance and production in the oil sector, and significant investment expected for new offshore natural gas projects in the Eastern Mediterranean. Analysis by consultancy Douglas-Westwood ...